China Eastern Airlines (SHSE:600115) Long-Term Capital Lease Obligation : ¥63,815 Mil (As of Mar. 2024)

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What is China Eastern Airlines Long-Term Capital Lease Obligation?

China Eastern Airlines's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥63,815 Mil.

China Eastern Airlines's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥69,440 Mil) to Dec. 2023 (¥64,747 Mil) and declined from Dec. 2023 (¥64,747 Mil) to Mar. 2024 (¥63,815 Mil).

China Eastern Airlines's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥82,126 Mil) to Dec. 2022 (¥78,387 Mil) and declined from Dec. 2022 (¥78,387 Mil) to Dec. 2023 (¥64,747 Mil).

China Eastern Airlines Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Eastern Airlines'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 Eastern Airlines Long-Term Capital Lease Obligation Chart

China Eastern Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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94,685.00

82,178.00

82,126.00

78,387.00

64,747.00

China Eastern Airlines 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															72,998.00	72,623.00	69,440.00	64,747.00	63,815.00

China Eastern Airlines (SHSE:600115) 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.

China Eastern Airlines Long-Term Capital Lease Obligation Related Terms

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China Eastern Airlines (SHSE:600115) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Eastern Airlines Corp Ltd (SHSE:600115) » Definitions » Long-Term Capital Lease Obligation

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CHEAF:USA 00670:Hong Kong CIAH:Germany

Address

36 Hongxiang 3rd Road, 5th Floor, Block A2, CEA Building, Northern District, Minhang District, Shanghai, CHN, 201100

Website

https://www.ceair.com

China Eastern Airlines is based in Shanghai and is one of the three largest state-owned airlines in China. The group operated a fleet of 778 aircraft as of 2022 and carried more than 130 million passengers in prepandemic 2019. It runs a hub-and-spoke model under which it gathers and distributes passengers from air hubs like Shanghai, Beijing, Xi'an, and Kunming. The group's route network extends to over 220 destinations and 40 countries and regions.

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