GEPIC Energy Development Co (SZSE:000791) Long-Term Capital Lease Obligation : ¥26 Mil (As of Mar. 2024)

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What is GEPIC Energy Development Co Long-Term Capital Lease Obligation?

GEPIC Energy Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥26 Mil.

GEPIC Energy Development Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥23 Mil) to Dec. 2023 (¥26 Mil) and increased from Dec. 2023 (¥26 Mil) to Mar. 2024 (¥26 Mil).

GEPIC Energy Development Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥2 Mil) to Dec. 2022 (¥23 Mil) and increased from Dec. 2022 (¥23 Mil) to Dec. 2023 (¥26 Mil).

GEPIC Energy Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for GEPIC Energy Development 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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GEPIC Energy Development Co Long-Term Capital Lease Obligation Chart

GEPIC Energy Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.01

2.18

23.04

25.65

GEPIC Energy Development 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															25.63	21.73	23.09	25.65	25.93

GEPIC Energy Development Co (SZSE:000791) 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.

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GEPIC Energy Development Co (SZSE:000791) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » GEPIC Energy Development Co Ltd (SZSE:000791) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Road No. 69 Building Investment Group, 24th Floor, Gansu North Riverside, Gansu Province, Lanzhou, CHN

Website

http://www.gepiced.com

GEPIC Energy Development Co Ltd manufactures and distributes paints, pigments and pipes. It also involved in property development and management, as well as commercial trading and logistics businesses.

Executives

Li Ning Ping	Director
Li Hui	Director
Zhang Jian Hong	Executives
Hu Zhong Qun	Executives
Li Qing Biao	Supervisors
Kou Shi Min	Secretary Dong
Fu Li Rong	Director
Luo Zhi He	Directors, executives
Fu Shu Li	Director
Zhang Jing Bao	Director

GEPIC Energy Development Co (SZSE:000791) Headlines

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