COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Long-Term Capital Lease Obligation : ¥2,997 Mil (As of Mar. 2024)

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What is COSCO SHIPPING Specialized Carriers Co Long-Term Capital Lease Obligation?

COSCO SHIPPING Specialized Carriers Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,997 Mil.

COSCO SHIPPING Specialized Carriers Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥2,778 Mil) to Dec. 2023 (¥2,783 Mil) and increased from Dec. 2023 (¥2,783 Mil) to Mar. 2024 (¥2,997 Mil).

COSCO SHIPPING Specialized Carriers Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥1,225 Mil) to Dec. 2022 (¥2,469 Mil) and increased from Dec. 2022 (¥2,469 Mil) to Dec. 2023 (¥2,783 Mil).

COSCO SHIPPING Specialized Carriers Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for COSCO SHIPPING Specialized Carriers 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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COSCO SHIPPING Specialized Carriers Co Long-Term Capital Lease Obligation Chart

COSCO SHIPPING Specialized Carriers Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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833.87

1,224.87

2,469.31

2,782.63

COSCO SHIPPING Specialized Carriers 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															2,557.74	2,744.38	2,778.23	2,782.63	2,996.94

COSCO SHIPPING Specialized Carriers Co (SHSE:600428) 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.

COSCO SHIPPING Specialized Carriers Co Long-Term Capital Lease Obligation Related Terms

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COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Specialized Carriers Co Ltd (SHSE:600428) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 282 Dongjiang Avenue, Free Trade Zone, Kangsheng Building, Guangdong Province, Guangzhou, CHN, 510623

Website

http://www.coscol.com.cn

COSCO Shipping is mainly engaged in the multipurpose shipping business. It also offers specialized shipping services. The company's specialized shipping unit owns semisubmersible ships, heavy-lift ships, roll-on/roll-off vessels, and vehicle carriers. Parent company COSCO owns a 50.13% stake in COSCO Shipping. At the end of December 2010, COSCO Shipping owned 77 ships with a total shipping capacity of 1.3173 million deadweight tons.

Executives

Han Guo Min	senior management
Fang Zhi Wei	Supervisors
Guo Jing	Director
Lin Jing Wei	senior management
Guo Fu Xiang	senior management
Lai Yi Guang	senior management
Tan Jin Song	Director
Du Jun Ming	senior management
Xue Jun Dong	senior management
Jin Li Zuo	Director

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