Ningxia Baofeng Energy Group Co (SHSE:600989) Long-Term Capital Lease Obligation : ¥0 Mil (As of Mar. 2024)

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What is Ningxia Baofeng Energy Group Co Long-Term Capital Lease Obligation?

Ningxia Baofeng Energy Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil.

Ningxia Baofeng Energy Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥2 Mil) to Dec. 2023 (¥1 Mil) and declined from Dec. 2023 (¥1 Mil) to Mar. 2024 (¥0 Mil).

Ningxia Baofeng Energy Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥32 Mil) to Dec. 2022 (¥5 Mil) and declined from Dec. 2022 (¥5 Mil) to Dec. 2023 (¥1 Mil).

Ningxia Baofeng Energy Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ningxia Baofeng Energy 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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Ningxia Baofeng Energy Group Co Long-Term Capital Lease Obligation Chart

Ningxia Baofeng Energy Group Co Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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557.13

31.63

5.26

0.68

Ningxia Baofeng Energy 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															3.96	2.65	2.17	0.68	0.34

Ningxia Baofeng Energy Group Co (SHSE:600989) 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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Ningxia Baofeng Energy Group Co (SHSE:600989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningxia Baofeng Energy Group Co Ltd (SHSE:600989) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

Baofeng Circular Economy Industrial Park, Ningdong Energy and Chemical Industry Base, Ningxia Hui Autonomous Region, Yinchuan, CHN, 750411

Website

http://www.baofengenergy.com

Ningxia Baofeng Energy Group Co Ltd is engaged in the manufacturing of chemicals and raw chemical materials. Its product includes Polythylene, Coke, MTBE, Pure Benzene, and Modified Asphalt.

Executives

Li Zhi Bin	senior management
Liu Shi Cheng	senior management
Yong Wu	Director
Wang Min	senior management
Liu Huai Bao	Supervisors
Lu Jun	Director
Liu Yuan Guan	Director
Xia Yun	Supervisors
He Xu	Supervisors
Gao Jian Jun	Director
Ji Yong Feng	senior management
Zheng Cun Xiao	senior management
Lin Wei Guo	Director
Chen Zhao Yuan	senior management

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