COFCO Capital Holdings Co (SZSE:002423) Long-Term Capital Lease Obligation : ¥243 Mil (As of Mar. 2024)

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What is COFCO Capital Holdings Co Long-Term Capital Lease Obligation?

COFCO Capital Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥243 Mil.

COFCO Capital Holdings Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥304 Mil) to Dec. 2023 (¥277 Mil) and declined from Dec. 2023 (¥277 Mil) to Mar. 2024 (¥243 Mil).

COFCO Capital Holdings Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥396 Mil) to Dec. 2022 (¥329 Mil) and declined from Dec. 2022 (¥329 Mil) to Dec. 2023 (¥277 Mil).

COFCO Capital Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for COFCO Capital Holdings 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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COFCO Capital Holdings Co Long-Term Capital Lease Obligation Chart

COFCO Capital Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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374.53

396.37

329.00

277.11

COFCO Capital Holdings 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															333.51	339.54	303.65	277.11	243.26

COFCO Capital Holdings Co (SZSE:002423) 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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COFCO Capital Holdings Co (SZSE:002423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » COFCO Capital Holdings Co Ltd (SZSE:002423) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1105, 11th floor, COFCO Fulinmen Building, Chaoyang District, Beijing, CHN, 100020

Website

http://www.zssw.com

COFCO Capital Holdings Co Ltd is a provider of financial services. The company's services include trust, insurance, futures, banking and other financial services. It provides investment and asset management; corporate management; investment planning and consulting services.

Executives

Wang Jin Tao	Supervisors
Jiang Gen Bao	Secretary, Director
Xu Bin	Director
Jia Li Shan	Director

COFCO Capital Holdings Co (SZSE:002423) Headlines

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