Zhejiang Construction Investment Group Co (SZSE:002761) Long-Term Capital Lease Obligation : ¥129 Mil (As of Mar. 2024)

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What is Zhejiang Construction Investment Group Co Long-Term Capital Lease Obligation?

Zhejiang Construction Investment Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥129 Mil.

Zhejiang Construction Investment Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥153 Mil) to Dec. 2023 (¥138 Mil) and declined from Dec. 2023 (¥138 Mil) to Mar. 2024 (¥129 Mil).

Zhejiang Construction Investment Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥119 Mil) to Dec. 2022 (¥157 Mil) but then declined from Dec. 2022 (¥157 Mil) to Dec. 2023 (¥138 Mil).

Zhejiang Construction Investment Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Construction Investment Group 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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Zhejiang Construction Investment Group Co Long-Term Capital Lease Obligation Chart

Zhejiang Construction Investment Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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76.62

119.10

156.67

138.06

Zhejiang Construction Investment Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															182.85	142.33	153.35	138.06	128.72

Zhejiang Construction Investment Group Co (SZSE:002761) 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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Zhejiang Construction Investment Group Co (SZSE:002761) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Construction Investment Group Co Ltd (SZSE:002761) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 52 Wensan West Road, Zhejiang Construction Investment Building, Zhejiang Province, Hangzhou, CHN, 310013

Website

http://www.cnzgc.com

Zhejiang Construction Investment Group Co Ltd is engaged in the building construction business and industrial manufacturing, engineering services, infrastructure investment and operation supporting the main construction industry chain.

Executives

Cheng Tian Yi	Supervisors
Zhao Chuan Miao	Director
Wu Ying	Supervisors
Zhang Wen	Directors, executives
Zhang Hai Ying	Directors, executives

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