Xi'An Shaangu Power Co (SHSE:601369) Long-Term Capital Lease Obligation : ¥27 Mil (As of Sep. 2024)

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What is Xi'An Shaangu Power Co Long-Term Capital Lease Obligation?

Xi'An Shaangu Power Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥27 Mil.

Xi'An Shaangu Power Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (¥29 Mil) to Jun. 2024 (¥28 Mil) and declined from Jun. 2024 (¥28 Mil) to Sep. 2024 (¥27 Mil).

Xi'An Shaangu Power Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥18 Mil) to Dec. 2022 (¥22 Mil) and increased from Dec. 2022 (¥22 Mil) to Dec. 2023 (¥27 Mil).

Xi'An Shaangu Power Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xi'An Shaangu Power 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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Xi'An Shaangu Power Co Long-Term Capital Lease Obligation Chart

Xi'An Shaangu Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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17.06

17.66

21.55

27.43

Xi'An Shaangu Power Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															21.50	27.43	29.27	28.05	27.23

Xi'An Shaangu Power Co (SHSE:601369) 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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Xi'An Shaangu Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xi'An Shaangu Power Co Ltd (SHSE:601369) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No.18 Shaangu Road, Lintong District, Xi'an, CHN, 710611

Website

http://www.shaangu.com

Xi'An Shaangu Power Co Ltd is engaged in providing systematic solutions and services for turbo-machinery in the fields of chemical industry, petroleum, metallurgical industry, air separation, power generation, civil construction, environmental protection, and national defense. Services are provided for axial compressors, energy recovery and power generation turbine unit, centrifugal compressors, centrifugal blowers, large fans and steam turbines.

Executives

Liu Jin Ping	Director
Chen Yu Ping	senior management
Zhao Guang	senior management
Lin Man Xiang	Supervisors
Wang Jian Xuan	Director
Yang Kai	senior management
Ye Zhang Qing	senior management
Chen Dang Min	Director
Cai Yuan Ming	senior management
Du Jun Kang	Supervisors
Yin Jian An	Director
Li Hong An	Director
Zhao Jia Wen	senior management
Cai Xin Ping	senior management
Sun Ji Rui	Director

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