Wanhua Chemical Group Co (SHSE:600309) Long-Term Capital Lease Obligation : ¥7,209 Mil (As of Mar. 2024)

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What is Wanhua Chemical Group Co Long-Term Capital Lease Obligation?

Wanhua Chemical Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7,209 Mil.

Wanhua Chemical Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥7,085 Mil) to Dec. 2023 (¥6,998 Mil) but then increased from Dec. 2023 (¥6,998 Mil) to Mar. 2024 (¥7,209 Mil).

Wanhua Chemical Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥2,707 Mil) to Dec. 2022 (¥5,843 Mil) and increased from Dec. 2022 (¥5,843 Mil) to Dec. 2023 (¥6,998 Mil).

Wanhua Chemical Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wanhua Chemical 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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Wanhua Chemical Group Co Long-Term Capital Lease Obligation Chart

Wanhua Chemical Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,160.53

2,706.59

5,842.74

6,997.98

Wanhua Chemical 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															6,622.74	7,403.67	7,085.37	6,997.98	7,208.71

Wanhua Chemical Group Co (SHSE:600309) 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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Wanhua Chemical Group Co (SHSE:600309) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Wanhua Chemical Group Co Ltd (SHSE:600309) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 17, Tianshan Road, Development Zone, Shandong, Yantai, CHN, 264002

Website

http://www.ytpu.com

Wanhua Chemical Group Co Ltd is engaged in the research, production and sales of a full range of polyurethane products, petrochemical products, functional materials and specialty chemicals. It is one of the most competitive MDI manufacturers in the world and the largest TDI supplier in Europe.

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