TBEA Co (SHSE:600089) Long-Term Capital Lease Obligation : ¥251 Mil (As of Mar. 2024)

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What is TBEA Co Long-Term Capital Lease Obligation?

TBEA Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥251 Mil.

TBEA Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥289 Mil) to Dec. 2023 (¥313 Mil) but then declined from Dec. 2023 (¥313 Mil) to Mar. 2024 (¥251 Mil).

TBEA Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥148 Mil) to Dec. 2022 (¥244 Mil) and increased from Dec. 2022 (¥244 Mil) to Dec. 2023 (¥313 Mil).

TBEA Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for TBEA 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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TBEA Co Long-Term Capital Lease Obligation Chart

TBEA Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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101.37

208.56

148.01

243.89

313.16

TBEA 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															234.39	272.14	288.92	313.16	251.37

TBEA Co (SHSE:600089) 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.

TBEA Co Long-Term Capital Lease Obligation Related Terms

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TBEA Co (SHSE:600089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TBEA Co Ltd (SHSE:600089) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.189 Beijing South Road, Xinjiang Uygur Autonomous Region, Changji, CHN, 831100

Website

http://www.tbea.com

TBEA Co Ltd is a China-based company engaged in offering service providers energy business solutions. The company distributes electric power transmissions and transformation equipment. It provides solutions such as green technology, smart environmental protection, energy equipment for turnkey projects, and system solutions ranging from surveying to design, construction, installation, and commissioning to the integration of training, operation, and maintenance. It also promotes the construction of green and efficient power grids. The company has a business presence in China and international countries.

Executives

Wang Yi Min	senior management
Guo Jun Xiang	Director
Bai Yun Gang	senior management
Guo Jin	senior management
Hu You Cheng	senior management
Jiao Hai Hua	senior management
Huang Han Jie	Directors, senior managers
Li Bian Qu	Director
Wu Wei	senior management
Luo Jun	senior management
Jiang Li Zhi	Supervisors
Zhang Jian	senior management
Ye Jun	Director
Hu Nan	senior management
Wang Song Wei	senior management

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