Shenzhen Gas (SHSE:601139) Long-Term Capital Lease Obligation : ¥85 Mil (As of Mar. 2024)

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What is Shenzhen Gas Long-Term Capital Lease Obligation?

Shenzhen Gas's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥85 Mil.

Shenzhen Gas's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥137 Mil) to Dec. 2023 (¥94 Mil) and declined from Dec. 2023 (¥94 Mil) to Mar. 2024 (¥85 Mil).

Shenzhen Gas's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥614 Mil) to Dec. 2022 (¥87 Mil) but then increased from Dec. 2022 (¥87 Mil) to Dec. 2023 (¥94 Mil).

Shenzhen Gas Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shenzhen Gas'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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Shenzhen Gas Long-Term Capital Lease Obligation Chart

Shenzhen Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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29.94

614.06

87.04

94.19

Shenzhen Gas 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															89.97	100.58	136.83	94.19	84.84

Shenzhen Gas (SHSE:601139) 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.

Shenzhen Gas Long-Term Capital Lease Obligation Related Terms

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Shenzhen Gas (SHSE:601139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenzhen Gas Corp Ltd (SHSE:601139) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Mei Road 268, Futian District, Guangdong Province, Shenzhen, CHN, 518049

Website

http://www.szgas.com.cn

Shenzhen Gas Corp Ltd is engaged in urban pipeline gas supply, liquefied petroleum gas wholesale, and bottled liquefied petroleum gas retail activities in China and internationally. It serves approximately 2.54 million pipeline gas customers. The company also holds rights for pipeline gas business in around 29 cities under the Shenzhen gas brand.

Executives

Zhuo Fan	Directors, senior managers
Wang Wen Jie	Director
Liu Zhao Yan	senior management
Guo Jia Jing	senior management
Yang Jin Biao	Supervisors
Liu Qiu Hui	Director
Yang Guang	senior management
Xue Bo	senior management
Li Zhen	Director
Zhang Wen He	senior management
Chen Qiu Xiong	Director
Sun Ping Gui	senior management
Ou Da Jiang	Director
Li Qing Ping	senior management

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