Houpu Clean Energy Group Co (SZSE:300471) Long-Term Capital Lease Obligation : ¥9.0 Mil (As of Mar. 2024)

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What is Houpu Clean Energy Group Co Long-Term Capital Lease Obligation?

Houpu Clean Energy Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9.0 Mil.

Houpu Clean Energy Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥9.4 Mil) to Dec. 2023 (¥9.4 Mil) and declined from Dec. 2023 (¥9.4 Mil) to Mar. 2024 (¥9.0 Mil).

Houpu Clean Energy Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥23.4 Mil) to Dec. 2022 (¥11.5 Mil) and declined from Dec. 2022 (¥11.5 Mil) to Dec. 2023 (¥9.4 Mil).

Houpu Clean Energy Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Houpu Clean Energy 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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Houpu Clean Energy Group Co Long-Term Capital Lease Obligation Chart

Houpu Clean Energy Group Co Annual Data

Trend

Dec14

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Dec18

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Dec20

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Dec22

Dec23

Long-Term Capital Lease Obligation

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23.37

11.48

9.37

Houpu Clean Energy 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															11.07	9.83	9.40	9.37	8.95

Houpu Clean Energy Group Co (SZSE:300471) 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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Houpu Clean Energy Group Co (SZSE:300471) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Houpu Clean Energy Group Co Ltd (SZSE:300471) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 599, Century City South Road, No. 3, Building 11, Building 6, High-tech Zone, Sichuan, Chengdu, CHN, 611731

Website

http://www.hqhop.com

Houpu Clean Energy Group Co Ltd is a clean energy solution provider. Its operates in five five business segments: high-end equipment integration for clean energy applications; operation and supervision platform based on Internet+, cloud computing, big data analysis; CRM-based, PLM-based Site operation and maintenance services; energy and chemical engineering consulting, survey, design, construction, installation, project management; clean energy equipment core components R & D (research and development) and manufacturing. Its product offerings include compressor control cabinet, gas supply system, barge LNG filling station, hydrogen station control system, hydrogenation machine, among others.

Executives

Wang Ji Wen	Directors, executives
Yu Xin	Supervisors
Hu Guan Ling	Secretary Dong
Guo Zhi Cheng	Executives
Zhong Xiao	Directors, executives
Wu Jun	Supervisors
Huang Ling	Executives
Jiang Tao	Directors, executives
Xiao Bin	Executives
Huang Tai Gang	Executives
Xia Cang Lan	Executives
Li Fan	Director
Wei Dai Qiang	Directors, executives

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