Chongqingnfeng Environment Group (SHSE:601827) Long-Term Capital Lease Obligation : ¥11 Mil (As of Mar. 2024)

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What is Chongqingnfeng Environment Group Long-Term Capital Lease Obligation?

Chongqingnfeng Environment Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥11 Mil.

Chongqingnfeng Environment Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥20 Mil) to Dec. 2023 (¥9 Mil) but then increased from Dec. 2023 (¥9 Mil) to Mar. 2024 (¥11 Mil).

Chongqingnfeng Environment Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥6 Mil) to Dec. 2022 (¥6 Mil) and increased from Dec. 2022 (¥6 Mil) to Dec. 2023 (¥9 Mil).

Chongqingnfeng Environment Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chongqingnfeng Environment Group'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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Chongqingnfeng Environment Group Long-Term Capital Lease Obligation Chart

Chongqingnfeng Environment Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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6.50

5.53

6.36

9.28

Chongqingnfeng Environment Group 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															6.63	8.52	19.92	9.28	11.06

Chongqingnfeng Environment Group (SHSE:601827) 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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Chongqingnfeng Environment Group (SHSE:601827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Chongqing Sanfeng Environment Group Corp Ltd (SHSE:601827) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 3, Jianqiao Avenue, Jianqiao Industrial Park, Dadukou District, Chongqing, CHN, 400084

Website

http://www.cseg.cn

Chongqing Sanfeng Environment Group Corp Ltd is engaged in investment and operation of waste incineration power generation projects, EPC construction and R & D and manufacturing of core equipment for waste incineration power generation and other related businesses. The company's services include Waste incineration power generation, Leachate treatment, and Garbage collection and transfer.

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