China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Long-Term Capital Lease Obligation : ¥46 Mil (As of Mar. 2024)

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What is China Northern Rare Earth (Group) High-Tech Co Long-Term Capital Lease Obligation?

China Northern Rare Earth (Group) High-Tech Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥46 Mil.

China Northern Rare Earth (Group) High-Tech Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥5 Mil) to Dec. 2023 (¥42 Mil) and increased from Dec. 2023 (¥42 Mil) to Mar. 2024 (¥46 Mil).

China Northern Rare Earth (Group) High-Tech Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥14 Mil) to Dec. 2022 (¥4 Mil) but then increased from Dec. 2022 (¥4 Mil) to Dec. 2023 (¥42 Mil).

China Northern Rare Earth (Group) High-Tech Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Northern Rare Earth (Group) High-Tech 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.

* Premium members only.

China Northern Rare Earth (Group) High-Tech Co Long-Term Capital Lease Obligation Chart

China Northern Rare Earth (Group) High-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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37.45

13.88

4.04

42.27

China Northern Rare Earth (Group) High-Tech 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															4.24	3.65	5.41	42.27	45.84

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) 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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China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Northern Rare Earth (Group) High-Tech Co Ltd (SHSE:600111) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 83 Huanghe Street, Baotou Rare Earth Hi-tech Industrial Development Zone, Inner Mongolia Autonomous Region, Baotou, CHN, 014030

Website

http://www.reht.com

China Northern Rare Earth (Group) High-Tech Co Ltd is a China-based company operating in a non-ferrous metal smelting and rolling processing industry. It refines and sells rare earth minerals and resources.

Executives

Wang Chen	senior management
Zhang Ri Hui	Director
Yu Ying Wu	senior management
Yang Zhan Feng	Director
Duan Li Feng	Supervisors
Xia Xue Wen	Supervisors
Zhao Dian Qing	Director
Wang Zhan Cheng	Director
Xing Li Guang	Director
Zhao De Gui	Director
Li Jin Ling	Director
Liu Yi	senior management
Huang Li Dong	Supervisors
Meng Zhi Quan	Director
Zhao Zhi Hua	Supervisors

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Headlines

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