CNOOC Energy Technology & Services (SHSE:600968) Long-Term Capital Lease Obligation : ¥943 Mil (As of Mar. 2024)

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What is CNOOC Energy Technology & Services Long-Term Capital Lease Obligation?

CNOOC Energy Technology & Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥943 Mil.

CNOOC Energy Technology & Services's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥867 Mil) to Dec. 2023 (¥948 Mil) but then declined from Dec. 2023 (¥948 Mil) to Mar. 2024 (¥943 Mil).

CNOOC Energy Technology & Services's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥702 Mil) to Dec. 2022 (¥781 Mil) and increased from Dec. 2022 (¥781 Mil) to Dec. 2023 (¥948 Mil).

CNOOC Energy Technology & Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for CNOOC Energy Technology & Services'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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CNOOC Energy Technology & Services Long-Term Capital Lease Obligation Chart

CNOOC Energy Technology & Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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152.96

701.61

780.54

947.70

CNOOC Energy Technology & Services 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															837.12	936.41	866.92	947.70	943.27

CNOOC Energy Technology & Services (SHSE:600968) 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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CNOOC Energy Technology & Services (SHSE:600968) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CNOOC Energy Technology & Services Ltd (SHSE:600968) » Definitions » Long-Term Capital Lease Obligation

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Address

Number 6 Waizhi Street, Haiyou Building, Dongzhimen, Dongcheng District, Beijing, CHN, 100027

Website

https://cenertech.cnooc.com.cn

CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers most of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: energy technology services, FPSO production technology services , energy logistics services, safety, environmental protection and energy conservation.

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