Shaanxi Coal Industry Co (SHSE:601225) Long-Term Capital Lease Obligation : ¥365 Mil (As of Mar. 2024)

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What is Shaanxi Coal Industry Co Long-Term Capital Lease Obligation?

Shaanxi Coal Industry Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥365 Mil.

Shaanxi Coal Industry Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥317 Mil) to Dec. 2023 (¥382 Mil) but then declined from Dec. 2023 (¥382 Mil) to Mar. 2024 (¥365 Mil).

Shaanxi Coal Industry Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥243 Mil) to Dec. 2022 (¥377 Mil) and increased from Dec. 2022 (¥377 Mil) to Dec. 2023 (¥382 Mil).

Shaanxi Coal Industry Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shaanxi Coal Industry 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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Shaanxi Coal Industry Co Long-Term Capital Lease Obligation Chart

Shaanxi Coal Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.73

243.18

377.19

382.17

Shaanxi Coal Industry 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															456.40	334.31	317.25	382.17	365.42

Shaanxi Coal Industry Co (SHSE:601225) 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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Shaanxi Coal Industry Co (SHSE:601225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shaanxi Coal Industry Co Ltd (SHSE:601225) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Yanta District, Xi'an, Shaanxi Province, all the way to the 2nd Kam industry, Shaanxi Coal Chemical Group Building 19-22, Xi'an, CHN, 710065

Website

http://www.shxcoal.com

Shaanxi Coal Industry Co Ltd is a China-based company, principally engaged in the mining, dressing by washing, transportation, and sales of coal. The company's coal products are mainly applied in power, chemical engineering, and metallurgy, among others. The company distributes its products mainly within domestic markets.

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