LONGi Green Energy Technology Co (SHSE:601012) Long-Term Capital Lease Obligation : ¥6,583 Mil (As of Mar. 2024)

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What is LONGi Green Energy Technology Co Long-Term Capital Lease Obligation?

LONGi Green Energy Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6,583 Mil.

LONGi Green Energy Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥4,493 Mil) to Dec. 2023 (¥5,456 Mil) and increased from Dec. 2023 (¥5,456 Mil) to Mar. 2024 (¥6,583 Mil).

LONGi Green Energy Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥2,703 Mil) to Dec. 2022 (¥2,888 Mil) and increased from Dec. 2022 (¥2,888 Mil) to Dec. 2023 (¥5,456 Mil).

LONGi Green Energy Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for LONGi Green Energy Technology 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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LONGi Green Energy Technology Co Long-Term Capital Lease Obligation Chart

LONGi Green Energy Technology Co Annual Data

Trend

Dec14

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Dec18

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,930.56

2,702.62

2,888.15

5,456.03

LONGi Green Energy Technology 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															3,187.90	3,572.71	4,493.47	5,456.03	6,582.87

LONGi Green Energy Technology Co (SHSE:601012) 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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LONGi Green Energy Technology Co (SHSE:601012) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » LONGi Green Energy Technology Co Ltd (SHSE:601012) » Definitions » Long-Term Capital Lease Obligation

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Address

Innovation Incubation Center Block B, Shangji Road 8989 Xi'an Service Outsourcing Industrial Park, Xi'an Economic and Technological Development Zone, Xian, CHN, 710018

Website

http://www.longigroup.com

LONGi Green Energy Technology is the largest integrated solar company in the world. It produced 85.9 gigawatts of solar silicon wafers and 48.2 GW of solar modules in 2022, both the most globally. Solar silicon wafer and solar module contributed 30% and 66% of revenue in 2022, respectively. LONGi's production bases are mostly in China. LONGi's products are sold in more than 150 countries and regions.

Executives

Zhong Bao Shen	Director
Tian Ye	Director
Liu Xue Wen	Director
Bai Zhong Xue	Director
Liu Xiao Dong	senior management
Li Zhen Guo	Director
Qin Yong Bo	Supervisors
Xu Da Peng	Director
Zou Zong Hai	Director
Li Chun An	Director
Wang Xiao Zhe	senior management
Huang Li Xin	senior management
Dai Su	Supervisors
Hu Zhong Xiang	Director
Zhang Yi Tao	senior management

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