CSSC Offshore & Marine Engineering (Group) Co (STU:GSZ) Long-Term Capital Lease Obligation : €14 Mil (As of Mar. 2024)

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What is CSSC Offshore & Marine Engineering (Group) Co Long-Term Capital Lease Obligation?

CSSC Offshore & Marine Engineering (Group) Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €14 Mil.

CSSC Offshore & Marine Engineering (Group) Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€12 Mil) to Dec. 2023 (€16 Mil) but then declined from Dec. 2023 (€16 Mil) to Mar. 2024 (€14 Mil).

CSSC Offshore & Marine Engineering (Group) Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€24 Mil) to Dec. 2022 (€16 Mil) but then increased from Dec. 2022 (€16 Mil) to Dec. 2023 (€16 Mil).

CSSC Offshore & Marine Engineering (Group) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for CSSC Offshore & Marine Engineering (Group) 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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CSSC Offshore & Marine Engineering (Group) Co Long-Term Capital Lease Obligation Chart

CSSC Offshore & Marine Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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14.14

12.13

23.59

15.52

15.55

CSSC Offshore & Marine Engineering (Group) 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															13.41	13.52	12.49	15.55	14.00

CSSC Offshore & Marine Engineering (Group) Co (STU:GSZ) 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.

CSSC Offshore & Marine Engineering (Group) Co Long-Term Capital Lease Obligation Related Terms

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CSSC Offshore & Marine Engineering (Group) Co (STU:GSZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CSSC Offshore & Marine Engineering (Group) Co Ltd (STU:GSZ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

00317:Hong Kong GSZ:Germany 600685:China

Address

No. 137 Gexin Road, 15th Floor, Marine Tower, Shipping Building, Haizhu District, Guangdong Province, Guangzhou, CHN, 510250

Website

http://comec.cssc.net.cn

CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through three business segments: Shipbuilding and related business, Steel Structure engineering, Ship maintenance and modification, and others.

CSSC Offshore & Marine Engineering (Group) Co (STU:GSZ) Headlines

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