Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Long-Term Capital Lease Obligation : ¥377 Mil (As of Mar. 2024)

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What is Shanghai Jinjiang Shipping (Group) Co Long-Term Capital Lease Obligation?

Shanghai Jinjiang Shipping (Group) Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥377 Mil.

Shanghai Jinjiang Shipping (Group) Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥488 Mil) to Dec. 2023 (¥437 Mil) and declined from Dec. 2023 (¥437 Mil) to Mar. 2024 (¥377 Mil).

Shanghai Jinjiang Shipping (Group) Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥559 Mil) to Dec. 2022 (¥749 Mil) but then declined from Dec. 2022 (¥749 Mil) to Dec. 2023 (¥437 Mil).

Shanghai Jinjiang Shipping (Group) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Jinjiang Shipping (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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Shanghai Jinjiang Shipping (Group) Co Long-Term Capital Lease Obligation Chart

Shanghai Jinjiang Shipping (Group) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

558.94

749.09

436.56

Shanghai Jinjiang Shipping (Group) Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	551.75	488.09	436.56	376.74

Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) 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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Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Jinjiang Shipping (Group) Co Ltd (SHSE:601083) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98 Huaihai Middle Road, 15th Floor, Admiralty Plaza, Shanghai, CHN, 200021

Website

https://www.jjshipping.cn

Shanghai Jinjiang Shipping (Group) Co Ltd is engaged in International and domestic maritime container transportation business.

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