Shenzhen Energy Group Co (SZSE:000027) Long-Term Capital Lease Obligation : ¥808 Mil (As of Mar. 2024)

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

Shenzhen Energy Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥808 Mil.

Shenzhen Energy Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥808 Mil) to Dec. 2023 (¥681 Mil) but then increased from Dec. 2023 (¥681 Mil) to Mar. 2024 (¥808 Mil).

Shenzhen Energy Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥1,423 Mil) to Dec. 2022 (¥843 Mil) and declined from Dec. 2022 (¥843 Mil) to Dec. 2023 (¥681 Mil).

Shenzhen Energy Group Co Long-Term Capital Lease Obligation Historical Data

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

Shenzhen Energy Group Co Annual Data

Trend

Dec14

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Dec18

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Dec20

Dec21

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Dec23

Long-Term Capital Lease Obligation

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1,422.79

843.17

681.05

Shenzhen 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															844.34	807.15	808.49	681.05	807.89

Shenzhen Energy Group Co (SZSE:000027) 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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Shenzhen Energy Group Co (SZSE:000027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenzhen Energy Group Co Ltd (SZSE:000027) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 2068 Shennan Middle Road, Huaneng Building, Floors 5, 33, 35-36, 38-41, Futian District, Guangdong Province, Shenzhen, CHN, 518031

Website

http://www.sec.com.cn

Shenzhen Energy Group Co Ltd is a China-based company primarily engaged in the business of development, procurement, and marketing of various conventional and new energy sources. The company is an integrated energy enterprise, with its business covering the sectors of electric power, solid waste treatment, and natural gas supply. It has the business presence in China and international countries. The businesses of the company are clean coal-fired power generation, gas power generation, renewable energy generation, environmental protection industry and urban gas. Its renewable energy generation business covers wind power, photovoltaic, hydropower and waste power.

Executives

Fang Xiang Dong	Independent director
Xu Tong Biao	Executives
Chen Min Sheng	Director
Wu Zhi Wei	Supervisors
Zhang Yong Mei	Executives

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