China West Construction Group Co (SZSE:002302) Long-Term Capital Lease Obligation : ¥707 Mil (As of Mar. 2024)

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What is China West Construction Group Co Long-Term Capital Lease Obligation?

China West Construction Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥707 Mil.

China West Construction Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥655 Mil) to Dec. 2023 (¥827 Mil) but then declined from Dec. 2023 (¥827 Mil) to Mar. 2024 (¥707 Mil).

China West Construction Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥520 Mil) to Dec. 2022 (¥1,062 Mil) but then declined from Dec. 2022 (¥1,062 Mil) to Dec. 2023 (¥827 Mil).

China West Construction Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China West Construction 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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China West Construction Group Co Long-Term Capital Lease Obligation Chart

China West Construction Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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571.48

519.51

1,062.24

827.43

China West Construction 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															954.26	872.80	654.71	827.43	706.64

China West Construction Group Co (SZSE:002302) 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 West Construction Group Co (SZSE:002302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China West Construction Group Co Ltd (SZSE:002302) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

child Avenue 22 Floor, Block B, 177 Sea International Center, High-tech Zone to pay, Chengdu, CHN, 610017

Website

http://cwcg.cscec.com

China West Construction Group Co Ltd is a China-based company engaged in the production and sale of concrete. It focuses on providing services in building material and other related business. The Company operates in provinces and cities in the northwest, southwest, northeast, north, central, south, southeast and other major regions.

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