Shanghai Huafon Aluminium (SHSE:601702) Long-Term Capital Lease Obligation : ¥10 Mil (As of Mar. 2024)

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What is Shanghai Huafon Aluminium Long-Term Capital Lease Obligation?

Shanghai Huafon Aluminium's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10 Mil.

Shanghai Huafon Aluminium's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥10 Mil) to Dec. 2023 (¥11 Mil) but then declined from Dec. 2023 (¥11 Mil) to Mar. 2024 (¥10 Mil).

Shanghai Huafon Aluminium's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥13 Mil) to Dec. 2022 (¥11 Mil) and declined from Dec. 2022 (¥11 Mil) to Dec. 2023 (¥11 Mil).

Shanghai Huafon Aluminium Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Huafon Aluminium'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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Shanghai Huafon Aluminium Long-Term Capital Lease Obligation Chart

Shanghai Huafon Aluminium Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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12.69

11.36

10.66

Shanghai Huafon Aluminium 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															11.33	10.88	10.42	10.66	10.22

Shanghai Huafon Aluminium (SHSE:601702) 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.

Shanghai Huafon Aluminium Long-Term Capital Lease Obligation Related Terms

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Shanghai Huafon Aluminium (SHSE:601702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shanghai Huafon Aluminium Corp (SHSE:601702) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

1111 Yuegong Road, Jinshan District, Shanghai, CHN, 201506

Website

http://www.huafonal.com

Shanghai Huafon Aluminium Corp is engaged in production and sales of aluminum sheet, strip and foil. The company's products include brazed heat exchangers material; water tanks, heaters, air coolers; condenser; evaporator, heater, oil cooler; and Other Industrial Products Materials. Its products line covers all kinds of alloyed material and specifications which is widely used in the automobile and construction machinery and equipment cooling systems, power station cooling system, micro-channel cooler and all kinds of both commercial and residential air-conditioners. It also processes all kinds of aluminum products processing 1,3,4,5,7 series, which are widely used in transportation construction, food packaging, electronics information industry and other fields.

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