Sinopec Shandong Taishan Petroleum Co (SZSE:000554) Long-Term Capital Lease Obligation : ¥96 Mil (As of Mar. 2024)

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What is Sinopec Shandong Taishan Petroleum Co Long-Term Capital Lease Obligation?

Sinopec Shandong Taishan Petroleum Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥96 Mil.

Sinopec Shandong Taishan Petroleum Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥93 Mil) to Dec. 2023 (¥100 Mil) but then declined from Dec. 2023 (¥100 Mil) to Mar. 2024 (¥96 Mil).

Sinopec Shandong Taishan Petroleum Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥108 Mil) to Dec. 2022 (¥86 Mil) but then increased from Dec. 2022 (¥86 Mil) to Dec. 2023 (¥100 Mil).

Sinopec Shandong Taishan Petroleum Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sinopec Shandong Taishan Petroleum 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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Sinopec Shandong Taishan Petroleum Co Long-Term Capital Lease Obligation Chart

Sinopec Shandong Taishan Petroleum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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49.60

42.77

107.83

86.35

99.71

Sinopec Shandong Taishan Petroleum 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															86.67	90.60	93.09	99.71	95.94

Sinopec Shandong Taishan Petroleum Co (SZSE:000554) 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.

Sinopec Shandong Taishan Petroleum Co Long-Term Capital Lease Obligation Related Terms

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Sinopec Shandong Taishan Petroleum Co (SZSE:000554) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Shandong Taishan Petroleum Co Ltd (SZSE:000554) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

369 Dongyue Street, Shandong Province, Tai'an, CHN

Website

Sinopec Shandong Taishan Petroleum Co Ltd is a China-based company mainly engaged in the purchase and sale of refined oil, natural gas and diesel fuel.

Executives

Ren Jun	Director
Sun Wei	Executives
Wu Yan Ming	Supervisors

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