Chengdu Xingrong Environment Co (SZSE:000598) Long-Term Capital Lease Obligation : ¥4 Mil (As of Mar. 2024)

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What is Chengdu Xingrong Environment Co Long-Term Capital Lease Obligation?

Chengdu Xingrong Environment Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4 Mil.

Chengdu Xingrong Environment Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥10 Mil) to Dec. 2023 (¥10 Mil) and declined from Dec. 2023 (¥10 Mil) to Mar. 2024 (¥4 Mil).

Chengdu Xingrong Environment Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥38 Mil) to Dec. 2022 (¥20 Mil) and declined from Dec. 2022 (¥20 Mil) to Dec. 2023 (¥10 Mil).

Chengdu Xingrong Environment Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chengdu Xingrong Environment 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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Chengdu Xingrong Environment Co Long-Term Capital Lease Obligation Chart

Chengdu Xingrong Environment Co Annual Data

Trend

Dec14

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Dec18

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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12.75

38.18

19.87

9.59

Chengdu Xingrong Environment 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															15.81	6.93	9.85	9.59	4.17

Chengdu Xingrong Environment Co (SZSE:000598) 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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Chengdu Xingrong Environment Co (SZSE:000598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chengdu Xingrong Environment Co Ltd (SZSE:000598) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 Jincheng Avenue, High-tech Zone, Qingyang District, Chengdu, CHN, 610041

Website

http://www.cdxrec.com

Chengdu Xingrong Environment Co Ltd is a large-scale water and environmental protection integrated service provider in China. It is mainly engaged in the production and supply of tap water, sewage treatment, utilization of recycled water, sludge disposal, landfill leachate treatment, and waste incineration power generation. The company integrates investment, research, and development, design, construction and operation, and has a complete industrial chain.

Executives

Li Ben Wen	Director
Li Yong Gang	Supervisors
Ceng Chao Ju	Securities Affairs Representative
Ge Fang Ming	Executives

Chengdu Xingrong Environment Co (SZSE:000598) Headlines

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