Tangshan Jidong Cement Co (SZSE:000401) Long-Term Capital Lease Obligation : ¥128 Mil (As of Mar. 2024)

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What is Tangshan Jidong Cement Co Long-Term Capital Lease Obligation?

Tangshan Jidong Cement Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥128 Mil.

Tangshan Jidong Cement Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥133 Mil) to Dec. 2023 (¥129 Mil) and declined from Dec. 2023 (¥129 Mil) to Mar. 2024 (¥128 Mil).

Tangshan Jidong Cement Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥65 Mil) to Dec. 2022 (¥128 Mil) and increased from Dec. 2022 (¥128 Mil) to Dec. 2023 (¥129 Mil).

Tangshan Jidong Cement Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tangshan Jidong Cement 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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Tangshan Jidong Cement Co Long-Term Capital Lease Obligation Chart

Tangshan Jidong Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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87.83

76.48

65.26

127.75

129.09

Tangshan Jidong Cement 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															136.86	131.63	132.52	129.09	127.87

Tangshan Jidong Cement Co (SZSE:000401) 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.

Tangshan Jidong Cement Co Long-Term Capital Lease Obligation Related Terms

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Tangshan Jidong Cement Co (SZSE:000401) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tangshan Jidong Cement Co Ltd (SZSE:000401) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Linyin Road, Fengrun District, Hebei Province, Tangshan, CHN, 064000

Website

http://www.jdsn.com.cn

Tangshan Jidong Cement Co Ltd is a China-based company engages in the manufacturing and selling of cement and clinker. Its products and services include English and American standard Portland cement, road Portland cement, slag Portland cement, and compound cement as well as logistics services. Its products are mainly used in the civil engineering, hydraulic construction, national defense and other projects.

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