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China CNR (SHSE:601299) Long-Term Capital Lease Obligation : ¥0 Mil (As of Mar. 2015)


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What is China CNR Long-Term Capital Lease Obligation?

China CNR's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2015 was ¥0 Mil.


China CNR Long-Term Capital Lease Obligation Historical Data

The historical data trend for China CNR'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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China CNR Long-Term Capital Lease Obligation Chart

China CNR Annual Data
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Long-Term Capital Lease Obligation
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China CNR Quarterly Data
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China CNR  (SHSE:601299) 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.

China CNR Long-Term Capital Lease Obligation Related Terms

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China CNR (SHSE:601299) Business Description

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China CNR Corp Ltd was founded in 1881. The Company is engaged in research and development, manufacturing, refurbishment, technology services and leasing of various products such as rolling stock, mechanical and electric equipment, environmental protection equipment and ancillary components. Its products include electric and diesel locomotives; high-speed trains; multiple units; metro cars; mass transit vehicles, such as trams and light rail vehicles; coaches; open-top, covered, hopper, flat, side dump, tank, and special wagons; and track machinery. The Company also offers rail components, such as motors and generators for locomotives, urban rail vehicles, oil drilling machines, mining machinery, metallurgical machinery, and wind-driven generators; and electric control equipment, locomotive components, vehicle components, castings, and forgings, among others.
Executives
Sun Yong Cai senior management
Zhao Guang Xing senior management
Liu Ke Xian Supervisors
Xi Guo Hua Director
Cui Dian Guo Director
Gao Zhi senior management
Xie Ji Long senior management
Lin Wan Li Director
Wang Yong Zhi senior management

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