Beijing Jingneng Clean Energy Co (HKSE:00579) Long-Term Capital Lease Obligation : HK$866 Mil (As of Dec. 2023)

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What is Beijing Jingneng Clean Energy Co Long-Term Capital Lease Obligation?

Beijing Jingneng Clean Energy Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$866 Mil.

Beijing Jingneng Clean Energy Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$846 Mil) to Sep. 2023 (HK$824 Mil) but then increased from Sep. 2023 (HK$824 Mil) to Dec. 2023 (HK$866 Mil).

Beijing Jingneng Clean Energy Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$758 Mil) to Dec. 2022 (HK$759 Mil) and increased from Dec. 2022 (HK$759 Mil) to Dec. 2023 (HK$866 Mil).

Beijing Jingneng Clean Energy Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Beijing Jingneng Clean Energy 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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Beijing Jingneng Clean Energy Co Long-Term Capital Lease Obligation Chart

Beijing Jingneng Clean Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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604.27

991.42

758.10

759.04

866.39

Beijing Jingneng Clean Energy Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															759.04	846.16	823.78	866.39	-

Beijing Jingneng Clean Energy Co (HKSE:00579) 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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Beijing Jingneng Clean Energy Co (HKSE:00579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Beijing Jingneng Clean Energy Co Ltd (HKSE:00579) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

BJ6:Germany

Address

No. 6 Xibahe Road, 7/8/9 Floor, Chaoyang District, Beijing, CHN, 100028

Website

https://www.jncec.com

Beijing Jingneng Clean Energy Co Ltd H is a subsidiary of the Beijing Energy Holding Company, a state-owned investment enterprise operating in China. The company produces electricity and heat energy from its gas-fired, wind, hydro, and solar power plants. Gas- and wind-powered facilities are responsible for most of this output. Beijing Jingneng Clean Energy generates nearly all of its revenue from the sale of electricity and heat energy resulting from its gas-fired power generation sites. The company is the largest gas-fired power supplier in Beijing and one of the largest wind power operators in China.

Executives

Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Zhong Guo Zai Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Beijing Energy Holding Co., Ltd	2201 Interest of corporation controlled by you
Beijing Energy Investment Holding (hong Kong) Co., Ltd.	2101 Beneficial owner

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