ENN Energy Holdings (ENN Energy Holdings) Long-Term Capital Lease Obligation : $89 Mil (As of Dec. 2023)

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What is ENN Energy Holdings Long-Term Capital Lease Obligation?

ENN Energy Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $89 Mil.

ENN Energy Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($41 Mil) to Jun. 2023 ($98 Mil) but then declined from Jun. 2023 ($98 Mil) to Dec. 2023 ($89 Mil).

ENN Energy Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($44 Mil) to Dec. 2022 ($41 Mil) but then increased from Dec. 2022 ($41 Mil) to Dec. 2023 ($89 Mil).

ENN Energy Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for ENN Energy Holdings'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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ENN Energy Holdings Long-Term Capital Lease Obligation Chart

ENN Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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64.16

47.41

43.96

40.74

88.65

ENN Energy Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															43.96	38.09	40.74	97.75	88.65

ENN Energy Holdings (OTCPK:XNGSY) 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.

ENN Energy Holdings Long-Term Capital Lease Obligation Related Terms

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ENN Energy Holdings (ENN Energy Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ENN Energy Holdings Ltd (OTCPK:XNGSY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

XNGSF:USA 02688:Hong Kong XGH:Germany

Address

Xinyuan DongDao Road, Building A, ENN Industrial Park, Economic and Technological Development Zone, Hebei Province, Langfang, CHN, 065001

Website

https://www.ennenergy.com

ENN Energy Holdings is primarily engaged in distributing and retailing natural gas. By year-end 2022, ENN owned 254 city gas projects in China, with annual gas sales volume of 32.7 billion cubic meters. Meanwhile, the aggregate number of connected piped gas residential households reached 27.9 million, with an average gas penetration rate of 62.9%. ENN Energy also has ventured into integrated energy business with 210 projects in operation.

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