Tongling Nonferrous Metals Group Co (SZSE:000630) Long-Term Capital Lease Obligation : ¥31 Mil (As of Mar. 2024)

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What is Tongling Nonferrous Metals Group Co Long-Term Capital Lease Obligation?

Tongling Nonferrous Metals Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥31 Mil.

Tongling Nonferrous Metals Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥33 Mil) to Dec. 2023 (¥32 Mil) and declined from Dec. 2023 (¥32 Mil) to Mar. 2024 (¥31 Mil).

Tongling Nonferrous Metals Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥36 Mil) to Dec. 2022 (¥38 Mil) but then declined from Dec. 2022 (¥38 Mil) to Dec. 2023 (¥32 Mil).

Tongling Nonferrous Metals Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tongling Nonferrous Metals 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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Tongling Nonferrous Metals Group Co Long-Term Capital Lease Obligation Chart

Tongling Nonferrous Metals Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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41.66

35.85

38.28

31.92

Tongling Nonferrous Metals 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															34.50	29.70	32.86	31.92	31.01

Tongling Nonferrous Metals Group Co (SZSE:000630) 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.

Tongling Nonferrous Metals Group Co Long-Term Capital Lease Obligation Related Terms

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Tongling Nonferrous Metals Group Co (SZSE:000630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tongling Nonferrous Metals Group Co Ltd (SZSE:000630) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Changjiang West Road, West Building, Nonferrous Courtyard, Anhui Province, Tongling, CHN, 244000

Website

http://www.tlys.cn

Tongling Nonferrous Metals Group Co Ltd is engaged in the business of copper exploration, mining, smelting and deep processing. Its product include cathode copper, gold, silver, and copper, Wire, copper strip and copper foil. The company operates in more than 30 countries. Its products are used in electric power, construction, automotive, home appliances, electronics, and defense.

Executives

Jiang Pei Jin	Directors, executives
Wu He Ping	Secretary, Director
Liu Dao Kun	Executives
Zhou Jun	Director
Zou Xian Ji	Supervisors
Xu Wu Qi	Director
Yang Li Sheng	Executives
Fang Wen Sheng	Executives
Dai Sheng Hong	Supervisors
Liu Jian She	Executives
Song Xiu Ming	Executives
Wei Jiang Hong	Director
Yang Jun	Directors, executives
Zhan De Guang	Executives
Wu Guo Zhong	Director

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