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JX Energy (HKSE:03395) Long-Term Capital Lease Obligation : HK$0.65 Mil (As of Mar. 2024)


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What is JX Energy Long-Term Capital Lease Obligation?

JX Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$0.65 Mil.

JX Energy's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (HK$2.15 Mil) to Dec. 2023 (HK$1.46 Mil) and declined from Dec. 2023 (HK$1.46 Mil) to Mar. 2024 (HK$0.65 Mil).

JX Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$9.97 Mil) to Dec. 2022 (HK$4.94 Mil) and declined from Dec. 2022 (HK$4.94 Mil) to Dec. 2023 (HK$1.46 Mil).


JX Energy Long-Term Capital Lease Obligation Historical Data

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

JX Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.19 12.40 9.97 4.94 1.46

JX Energy 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.96 3.25 2.15 1.46 0.65

JX Energy  (HKSE:03395) 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.

JX Energy Long-Term Capital Lease Obligation Related Terms

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JX Energy (HKSE:03395) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » JX Energy Ltd (HKSE:03395) » Definitions » Long-Term Capital Lease Obligation
Traded in Other Exchanges
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Address
717-7th Avenue South West, Suite 900, Calgary, AB, CAN, T2P 0Z3
JX Energy Ltd formerly Persta Resources Inc is a Canada-based oil and gas exploration development company pursuing petroleum and natural gas production. It focuses on liquids-rich gas and light crude oil in Western Canada with two core areas comprising: Alberta Foothills which includes natural gas properties in the two areas of Basing and Voyager, and Peace River, which includes light crude oil properties in the key areas of Dawson.
Executives
Liu Yongtan
Zhang Lijun
Aspen Investment Holdings Ltd.
Jing Guang
Jing Yuan
Zhang Zhong
Zhang Chun Shi Ji Xing Che Yong Qi You Xian Gong Si
Ji Lin Sheng Hong Yuan Jing Mao Ji Tuan You Xian Gong Si
Zhang Chun Shi Li Yuan Tou Zi You Xian Gong Si
Da Lian Yong Li Shi You Hua Gong You Xian Gong Si
Jixing Gas Holdings Limited 2101 Beneficial owner

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