Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) Long-Term Capital Lease Obligation : ¥1,031 Mil (As of Mar. 2024)

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What is Shanxi Lu'an Environmental Energy Development Co Long-Term Capital Lease Obligation?

Shanxi Lu'an Environmental Energy Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,031 Mil.

Shanxi Lu'an Environmental Energy Development Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥828 Mil) to Dec. 2023 (¥728 Mil) but then increased from Dec. 2023 (¥728 Mil) to Mar. 2024 (¥1,031 Mil).

Shanxi Lu'an Environmental Energy Development Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥1,019 Mil) to Dec. 2022 (¥835 Mil) and declined from Dec. 2022 (¥835 Mil) to Dec. 2023 (¥728 Mil).

Shanxi Lu'an Environmental Energy Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanxi Lu'an Environmental Energy Development 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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Shanxi Lu'an Environmental Energy Development Co Long-Term Capital Lease Obligation Chart

Shanxi Lu'an Environmental Energy Development Co Annual Data

Trend

Dec14

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Dec18

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,273.78

1,019.40

835.01

727.53

Shanxi Lu'an Environmental Energy Development 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															914.48	765.44	828.43	727.53	1,031.00

Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) 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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Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shanxi Lu'an Environmental Energy Development Co Ltd (SHSE:601699) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

North Street, No. 65, High - tech Development Zone, Shanxi Province, Changzhi, CHN, 046204

Website

http://www.luanhn.com

Based in Changzhi City, Shanxi Province, China, Lu'an first listed shares on the A-share market in 2006. As of late 2010, Lu'an Mining Industry Group held a 63.99% stake in Lu'an. Lu'an is mainly engaged in mining, washing, processing and distribution of coal. In 2010, the company produced 33.22 million tons of coals and sold CNY 18.2 billion worth of coal. The company's coal business had a gross margin of 47% in 2010.

Executives

Jia En Li	senior management
Lv Chuan Tian	Supervisors

Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) Headlines

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