China International Marine Containers (Group) Co (HKSE:02039) Long-Term Capital Lease Obligation : HK$1,014 Mil (As of Mar. 2024)

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What is China International Marine Containers (Group) Co Long-Term Capital Lease Obligation?

China International Marine Containers (Group) Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$1,014 Mil.

China International Marine Containers (Group) Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (HK$846 Mil) to Dec. 2023 (HK$898 Mil) and increased from Dec. 2023 (HK$898 Mil) to Mar. 2024 (HK$1,014 Mil).

China International Marine Containers (Group) Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$541 Mil) to Dec. 2022 (HK$818 Mil) and increased from Dec. 2022 (HK$818 Mil) to Dec. 2023 (HK$898 Mil).

China International Marine Containers (Group) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China International Marine Containers (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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China International Marine Containers (Group) Co Long-Term Capital Lease Obligation Chart

China International Marine Containers (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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743.28

732.35

541.26

818.42

897.60

China International Marine Containers (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															911.97	889.57	845.63	897.60	1,014.35

China International Marine Containers (Group) Co (HKSE:02039) 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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China International Marine Containers (Group) Co (HKSE:02039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China International Marine Containers (Group) Co Ltd (HKSE:02039) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

OCM:Germany 000039:China

Address

CIMC R&D Centre, 2 Gangwan Avenue, 8th Floor, Shekou, Nanshan Distritct, Guangdong, Shenzhen, CHN, 518067

Website

https://www.cimc.com

China International Marine Containers (Group) Co Ltd is one of China's manufacturers of road transportation vehicles and high-end offshore engineering equipment. It provides a range of containers, trucks, chemical and food equipment, energy products, and airport structures. In addition, the company offers services related to design, engineering, transportation, and energy distribution. The group offers various standard and specialty containers to account for different conditions and take advantage of mass production capabilities. Technical and maintenance services boost revenue and increase contact with customers to gain feedback and observe industry conditions. The company has a world wide distribution network, but the majority of sales derive from Asia.

Executives

China Merchants Group Limited
Shen Zhen Shi Zi Ben Yun Ying Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Yuan Hai Yun Fa Zhan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Citic Group Corporation	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you
Prudential Plc	2201 Interest of corporation controlled by you
Zhong Xin Bao Cheng Ren Shou Bao Xian You Xian Gong Si	2101 Beneficial owner

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