Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Mar. 2024)

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What is Xinjiang Zhundong Petroleum Technology Co Long-Term Capital Lease Obligation?

Xinjiang Zhundong Petroleum Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil.

Xinjiang Zhundong Petroleum Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xinjiang Zhundong Petroleum Technology Co's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Xinjiang Zhundong Petroleum Technology Co Long-Term Capital Lease Obligation Chart

Xinjiang Zhundong Petroleum Technology Co Annual Data

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Long-Term Capital Lease Obligation

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Xinjiang Zhundong Petroleum Technology Co Quarterly Data
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Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Xinjiang Zhundong Petroleum Technology Co Ltd (SZSE:002207) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 251 Youyi Road, Xinjiang Uygur Autonomous Region, Karamay, CHN, 831511

Website

http://www.zygf.com.cn

Xinjiang Zhundong Petroleum Technology Co Ltd is engaged in providing oilfield dynamic monitoring and enhanced oil recovery technology services for oil and natural gas mining enterprises. The business of the company includes petroleum technology services, transportation services, and sales of chemical products. The services include well testing, production testing, water shutoff, profile control, and coiled tubing operations.

Executives

Lv Zhan Min	Directors, Directors, and Executives
Jian Wei	Directors, executives
Ai Ke Bai Er Mai Mai Ti	Supervisors
Zhao Shu Zhi	Supervisors
Shi Qiang	Executives
Gu Yu Rong	Independent director
Wang Yu Xin	Executives
Cao Hao	Director
Liu Jun	Supervisors
Zuo Jun	Supervisors
Ai Ke Bai Er Mai Mai Ti	Supervisors
Ding Hao	Supervisors
Xu Wen Shi	Executives
Chang Wen Jiu	Directors, executives
Tao Wei	Supervisors

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