JinkoSolar Holding Co (JinkoSolar Holding Co) Long-Term Capital Lease Obligation : $73 Mil (As of Mar. 2024)

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What is JinkoSolar Holding Co Long-Term Capital Lease Obligation?

JinkoSolar Holding Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $73 Mil.

JinkoSolar Holding Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($43 Mil) to Dec. 2023 ($78 Mil) but then declined from Dec. 2023 ($78 Mil) to Mar. 2024 ($73 Mil).

JinkoSolar Holding Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($98 Mil) to Dec. 2022 ($59 Mil) but then increased from Dec. 2022 ($59 Mil) to Dec. 2023 ($78 Mil).

JinkoSolar Holding Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for JinkoSolar Holding 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.

* Premium members only.

JinkoSolar Holding Co Long-Term Capital Lease Obligation Chart

JinkoSolar Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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123.05

90.27

97.62

58.78

78.03

JinkoSolar Holding 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															61.81	52.59	43.33	78.03	73.10

JinkoSolar Holding Co (NYSE:JKS) 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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JinkoSolar Holding Co (JinkoSolar Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » JinkoSolar Holding Co Ltd (NYSE:JKS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

JKS:Mexico 0JOX:UK ZJS1:Germany ZJS1:Germany ZJS1:Germany JKS:Austria

Address

1 Yingbin Road, Shangrao Economic Development Zone, Jiangxi Province, Shangrao, CHN, 334100

Website

https://www.jinkosolar.com/en

JinkoSolar Holding Co Ltd is engaged in the photovoltaic industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under the JinkoSolar brand. The company's product includes Silicon wafers, Solar cells, and Solar modules. Its geographical segments are China (including Hong Kong and Taiwan), North America, Europe, Asia Pacific (except China, which includes Hong Kong and Taiwan), and the Rest of the world.