Yantai Jereh Oilfield Services Group Co (SZSE:002353) Long-Term Capital Lease Obligation : ¥3 Mil (As of Mar. 2024)

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What is Yantai Jereh Oilfield Services Group Co Long-Term Capital Lease Obligation?

Yantai Jereh Oilfield Services Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil.

Yantai Jereh Oilfield Services Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥10 Mil) to Dec. 2023 (¥5 Mil) and declined from Dec. 2023 (¥5 Mil) to Mar. 2024 (¥3 Mil).

Yantai Jereh Oilfield Services Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥3 Mil) to Dec. 2022 (¥9 Mil) but then declined from Dec. 2022 (¥9 Mil) to Dec. 2023 (¥5 Mil).

Yantai Jereh Oilfield Services Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Yantai Jereh Oilfield Services 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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Yantai Jereh Oilfield Services Group Co Long-Term Capital Lease Obligation Chart

Yantai Jereh Oilfield Services Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.20

2.63

9.16

4.75

Yantai Jereh Oilfield Services 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															12.34	8.48	9.89	4.75	3.44

Yantai Jereh Oilfield Services Group Co (SZSE:002353) 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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Yantai Jereh Oilfield Services Group Co (SZSE:002353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Yantai Jereh Oilfield Services Group Co Ltd (SZSE:002353) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No 7,Aucma Street, Laishan District, Shandong Province, Yantai, CHN, 264003

Website

http://www.jereh.com

Yantai Jereh Oilfield Services Group Co Ltd is a China-based company engaged in the manufacturing of oilfield equipment and the provision of oilfield services. It is engaged in drilling equipment and oil & gas field engineering equipment manufacturing, equipment maintenance and accessories sales, oil field engineering technology services, as well as oil & gas field construction services. The company conducts its businesses within domestic and overseas markets.

Executives

Lu Wei	Executives
Li Zhi Yong	Executives
Li Hui Tao	Director
Liu Zhen Feng	Director
Sun Wei Jie	Director
Wang Kun Xiao	Director
Dong Ting Ting	Supervisors
Wang Ji Li	Director
Liu Dong	Director
Li Xue Feng	Executives
Liu Yu Qiao	Supervisors
Cheng Yong Feng	Secretary Dong
Hu Wen Guo	Supervisors
Yu Xi Mao	Independent director
Yan Yu Li	Executives

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