China Camc Engineering Co (SZSE:002051) Long-Term Capital Lease Obligation : ¥585 Mil (As of Mar. 2024)

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What is China Camc Engineering Co Long-Term Capital Lease Obligation?

China Camc Engineering Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥585 Mil.

China Camc Engineering Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥637 Mil) to Dec. 2023 (¥594 Mil) and declined from Dec. 2023 (¥594 Mil) to Mar. 2024 (¥585 Mil).

China Camc Engineering Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥524 Mil) to Dec. 2022 (¥616 Mil) but then declined from Dec. 2022 (¥616 Mil) to Dec. 2023 (¥594 Mil).

China Camc Engineering Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Camc Engineering 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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China Camc Engineering Co Long-Term Capital Lease Obligation Chart

China Camc Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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501.45

524.11

616.02

593.53

China Camc Engineering 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															590.24	602.68	637.47	593.53	585.03

China Camc Engineering Co (SZSE:002051) 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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China Camc Engineering Co (SZSE:002051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Camc Engineering Co Ltd (SZSE:002051) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

CEC Plaze, No. 3 Danling Street, Haidian District, Beijing, CHN, 100080

Website

http://www.camce.com.cn

China Camc Engineering Co Ltd is a China-based company engaged in the business of engineering procurement construction (EPC) projects, domestic and overseas investment and trade. It is principally engaged in providing engineering contracting services for projects including industrial, agricultural, water engineering, power, communications, mining, and petrochemical. The company also trades agricultural products and materials. The organization has its business presence in Asia, Africa, America and Eastern Europe.

Executives

Zhang Chun Yan	Directors, executives
Liu Jia Dan	Supervisors
Wang Hui Fang	Executives
Zhang Fu Sheng	Director
Wang Yu Hang	Executives
Huang Jian Zhou	Supervisors
Zhao Li Zhi	Directors, executives
Huang Cui	Supervisors
Chen Yu Fang	Executives
Hu Wei	Executives
Luo Yan	Directors, executives
Liu Jie	Supervisors
Wang Wei	Executives
Wang Bo	Executives
Ge Zhang Yin	Director

China Camc Engineering Co (SZSE:002051) Headlines

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