Huaxin Cement Co (SHSE:600801) Long-Term Capital Lease Obligation : ¥1,373 Mil (As of Mar. 2024)

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What is Huaxin Cement Co Long-Term Capital Lease Obligation?

Huaxin Cement Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,373 Mil.

Huaxin Cement Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥1,342 Mil) to Dec. 2023 (¥1,349 Mil) and increased from Dec. 2023 (¥1,349 Mil) to Mar. 2024 (¥1,373 Mil).

Huaxin Cement Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥224 Mil) to Dec. 2022 (¥760 Mil) and increased from Dec. 2022 (¥760 Mil) to Dec. 2023 (¥1,349 Mil).

Huaxin Cement Co Long-Term Capital Lease Obligation Historical Data

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

Huaxin Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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128.83

223.58

759.91

1,348.73

Huaxin Cement 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															963.95	1,323.51	1,341.89	1,348.73	1,373.24

Huaxin Cement Co (SHSE:600801) 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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Huaxin Cement Co (SHSE:600801) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Huaxin Cement Co Ltd (SHSE:600801) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

06655:Hong Kong

Address

No.426, Gaoxin Avenue, Tower B, Huaxin Tower, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430073

Website

https://www.huaxincem.com

Huaxin Cement Co Ltd is engaged in the production and distribution of cement, ready-mix concrete, cement equipment, and cement packaging products. It is also engaged in environmental protection, equipment manufacturing, EPC engineering, Project consulting, and high-tech building materials. Its products include 32.5 type cement, 42.5 type and above cement, Commercial clinker, Concrete, Aggregate, and others. Its geographical segments include China, Tajikistan, and Cambodia, out of which the majority of the revenue is generated from China.

Executives

Chen Qian	senior management
Li Ye Qing	Director
Ming Jin Hua	Supervisors
Liu Feng Shan	Directors, senior managers
Ye Jia Xing	senior management
Xu Gang	senior management
Liu Yun Xia	senior management
Mei Xiang Fu	senior management
Yuan De Zu	senior management
Wang Jia Jun	senior management
Yang Hong Bing	senior management
Ke You Liang	senior management
Du Ping	senior management
Zhang Lin	Supervisors
Peng Qing Yu	Supervisors

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