Inner Mongolia Yitai Coal Co (SHSE:900948) Long-Term Capital Lease Obligation : $4 Mil (As of Mar. 2024)

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What is Inner Mongolia Yitai Coal Co Long-Term Capital Lease Obligation?

Inner Mongolia Yitai Coal Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4 Mil.

Inner Mongolia Yitai Coal Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($1 Mil) to Dec. 2023 ($4 Mil) but then declined from Dec. 2023 ($4 Mil) to Mar. 2024 ($4 Mil).

Inner Mongolia Yitai Coal Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1 Mil) to Dec. 2022 ($0 Mil) but then increased from Dec. 2022 ($0 Mil) to Dec. 2023 ($4 Mil).

Inner Mongolia Yitai Coal Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Inner Mongolia Yitai Coal 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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Inner Mongolia Yitai Coal Co Long-Term Capital Lease Obligation Chart

Inner Mongolia Yitai Coal Co Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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0.99

1.50

0.62

0.12

4.01

Inner Mongolia Yitai Coal 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															0.13	0.07	1.13	4.01	3.85

Inner Mongolia Yitai Coal Co (SHSE:900948) 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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Inner Mongolia Yitai Coal Co (SHSE:900948) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Inner Mongolia Yitai Coal Co Ltd (SHSE:900948) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

North Tianjiao Road, Yitai Building, Inner Mongolia, Dongsheng District, Ordos, CHN, 017000

Website

http://www.yitaicoal.com

Inner Mongolia Yitai Coal Co Ltd is primarily engaged in coal mining, processing, and distribution, as well as the distribution of petroleum products. The company also provides railway transportation services and road transportation services, as well as a coal-related chemical business, hotel management and pharmaceutical manufacturing. The company directly owns and controls multiple mechanized coal mines and controls three main railways, namely the Zhundong Railway, Huzhun Railway and a special railway line for Suancigou Mine. Thermal coal provided by the company serves as fuel for various industries including thermal power, construction materials and chemicals.

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