Anhui Province Natural Gas Development Co (SHSE:603689) Long-Term Capital Lease Obligation : ¥3 Mil (As of Mar. 2024)

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What is Anhui Province Natural Gas Development Co Long-Term Capital Lease Obligation?

Anhui Province Natural Gas Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil.

Anhui Province Natural Gas Development Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥4 Mil) to Dec. 2023 (¥3 Mil) and declined from Dec. 2023 (¥3 Mil) to Mar. 2024 (¥3 Mil).

Anhui Province Natural Gas Development Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥6 Mil) to Dec. 2022 (¥5 Mil) and declined from Dec. 2022 (¥5 Mil) to Dec. 2023 (¥3 Mil).

Anhui Province Natural Gas Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Anhui Province Natural Gas Development 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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Anhui Province Natural Gas Development Co Long-Term Capital Lease Obligation Chart

Anhui Province Natural Gas Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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10.38

6.26

4.89

3.20

Anhui Province Natural Gas Development 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															2.20	3.50	3.84	3.20	3.16

Anhui Province Natural Gas Development Co (SHSE:603689) 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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Anhui Province Natural Gas Development Co (SHSE:603689) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Anhui Province Natural Gas Development Co Ltd (SHSE:603689) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 9 Dalian Road, Baohe Industrial Zone, Anhui Province, Hefei, CHN, 230051

Website

http://www.ahtrq.com

Anhui Province Natural Gas Development Co Ltd is a natural gas pipeline operator. It invests, constructs, operates and manages natural gas pipelines in Anhui Province. The company also participates in the development and construction of natural gas pipeline network in urban areas; manages natural gas resources on behalf of Anhui Province; sells natural gas; and market and competitive investment in other natural gas, CBM and other energy applications and related projects. The other business activities of the company are to invest in the development of natural gas and coal seams in the province Gas resources projects; other energy development projects; and to engage in other auxiliary businesses.

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