Shanghai Datun Energy Resourses Co (SHSE:600508) Long-Term Capital Lease Obligation : ¥688 Mil (As of Mar. 2024)

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What is Shanghai Datun Energy Resourses Co Long-Term Capital Lease Obligation?

Shanghai Datun Energy Resourses Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥688 Mil.

Shanghai Datun Energy Resourses Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥510 Mil) to Dec. 2023 (¥710 Mil) but then declined from Dec. 2023 (¥710 Mil) to Mar. 2024 (¥688 Mil).

Shanghai Datun Energy Resourses Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥390 Mil) to Dec. 2022 (¥322 Mil) but then increased from Dec. 2022 (¥322 Mil) to Dec. 2023 (¥710 Mil).

Shanghai Datun Energy Resourses Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Datun Energy Resourses 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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Shanghai Datun Energy Resourses Co Long-Term Capital Lease Obligation Chart

Shanghai Datun Energy Resourses Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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414.75

385.41

390.10

322.33

710.34

Shanghai Datun Energy Resourses 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															322.33	524.52	509.98	710.34	688.04

Shanghai Datun Energy Resourses Co (SHSE:600508) 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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Shanghai Datun Energy Resourses Co (SHSE:600508) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shanghai Datun Energy Resourses Co Ltd (SHSE:600508) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 256 Pudong South Road, Huaxia Bank Building, 12F, Pudong, Shanghai, Shanghai, CHN, 200120

Website

http://www.sdtny.com

Shanghai Datun Energy Resourses Co Ltd is mainly engaged in coal production and trade, washing and processing, coal mine construction, pit power generation, aluminum processing, railway transportation, machinery manufacturing, vocational and technical training and related engineering and technical services. Its products include coking coal, gas coal, gas fat coal, raw coal, washed coal, mixed coal, electrical power, and aluminum products.

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