Dongfang Electric (SHSE:600875) Long-Term Capital Lease Obligation : ¥232 Mil (As of Mar. 2024)

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What is Dongfang Electric Long-Term Capital Lease Obligation?

Dongfang Electric's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥232 Mil.

Dongfang Electric's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥193 Mil) to Dec. 2023 (¥230 Mil) and increased from Dec. 2023 (¥230 Mil) to Mar. 2024 (¥232 Mil).

Dongfang Electric's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥127 Mil) to Dec. 2022 (¥185 Mil) and increased from Dec. 2022 (¥185 Mil) to Dec. 2023 (¥230 Mil).

Dongfang Electric Long-Term Capital Lease Obligation Historical Data

The historical data trend for Dongfang Electric'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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Dongfang Electric Long-Term Capital Lease Obligation Chart

Dongfang Electric Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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156.67

27.53

126.93

184.84

229.99

Dongfang Electric 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															186.62	191.69	192.78	229.99	231.83

Dongfang Electric (SHSE:600875) 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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Dongfang Electric (SHSE:600875) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dongfang Electric Corp Ltd (SHSE:600875) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

DNGFF:USA 01072:Hong Kong DEU:Germany

Address

18 Xixin Road, High-Tech District (Western District), Sichuan Province, Chengdu, CHN, 611731

Website

http://www.dec-ltd.cn

Dongfang Electric Corp Ltd is a Chinese company engaged in the manufacture and distribution of energy generation equipment. The company specialized in power equipment manufacturing and worldwide power projects contracting for thermal, hydro, nuclear, wind, gas turbine, and combined cycle power plants. major products and services delivered or provided by each of the five reporting segments are Clean and efficient energy equipment, Renewable energy equipment, Engineering and Trade, Modern manufacturing services, and Emerging growth industry. The company distributes its products within the domestic market and overseas markets. The majority of the firm's revenue gets generated through Clean and efficient energy equipment.

Executives

Gao Feng	senior management
Hu Xiu Kui	senior management
Gong Dan	senior management
Wang Wei Min	senior management

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