Huaibei Mining Holdings Co (SHSE:600985) Long-Term Capital Lease Obligation : ¥820 Mil (As of Mar. 2024)

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What is Huaibei Mining Holdings Co Long-Term Capital Lease Obligation?

Huaibei Mining Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥820 Mil.

Huaibei Mining Holdings Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥933 Mil) to Dec. 2023 (¥754 Mil) but then increased from Dec. 2023 (¥754 Mil) to Mar. 2024 (¥820 Mil).

Huaibei Mining Holdings Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥783 Mil) to Dec. 2022 (¥746 Mil) but then increased from Dec. 2022 (¥746 Mil) to Dec. 2023 (¥754 Mil).

Huaibei Mining Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Huaibei Mining Holdings 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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Huaibei Mining Holdings Co Long-Term Capital Lease Obligation Chart

Huaibei Mining Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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941.63

782.73

746.09

754.24

Huaibei Mining Holdings 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															748.12	908.48	933.37	754.24	819.97

Huaibei Mining Holdings Co (SHSE:600985) 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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Huaibei Mining Holdings Co (SHSE:600985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Huaibei Mining Holdings Co Ltd (SHSE:600985) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Dong Shan Road, Anhui Province, Huaibei, CHN, 235042

Website

http://www.lmkh.com

Huaibei Mining Holdings Co Ltd, formerly Anhui Leimingkehua Co Ltd is engaged in the manufacture and sales of civil explosive products. The company principally provides industrial explosives and detonators, contract mining and urban blasting. The company has a number of civilian explosive production bases, and its sales network covers 21 provinces and cities including Anhui, Jiangsu, Henan, Qinghai, Inner Mongolia and Fujian.

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