Angang Steel Co (SZSE:000898) Long-Term Capital Lease Obligation : ¥170 Mil (As of Mar. 2024)

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What is Angang Steel Co Long-Term Capital Lease Obligation?

Angang Steel Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥170 Mil.

Angang Steel Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥32 Mil) to Dec. 2023 (¥2 Mil) but then increased from Dec. 2023 (¥2 Mil) to Mar. 2024 (¥170 Mil).

Angang Steel Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥346 Mil) to Dec. 2022 (¥226 Mil) and declined from Dec. 2022 (¥226 Mil) to Dec. 2023 (¥2 Mil).

Angang Steel Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Angang Steel 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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Angang Steel Co Long-Term Capital Lease Obligation Chart

Angang Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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160.00

665.00

346.00

226.00

2.00

Angang Steel 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															155.00	63.00	32.00	2.00	170.00

Angang Steel Co (SZSE:000898) 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.

Angang Steel Co Long-Term Capital Lease Obligation Related Terms

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Angang Steel Co (SZSE:000898) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Angang Steel Co Ltd (SZSE:000898) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

ANGGF:USA 00347:Hong Kong GNV:Germany

Address

Production Area of Angang Steel, Tie Xi District, Liaoning Province, Anshan, CHN, 114021

Website

http://www.ansteel.com.cn

Angang Steel Co Ltd is engaged in the steel rolling and processing industry. The Company is classified into an operating segment based on the type of business: production and sale of steel products. The Company's products have diversified structures and include hot rolled sheets, medium and thick plates, cold rolled sheets, color coating plates, heavy rails, seamless steel pipes and wire rods, and other products. These products are widely used in industries such as machinery, metallurgy, petroleum, chemical industry, coal, electric power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. Geographically, the group derives a majority of its revenue from the China region.

Executives

Tian Yong	Executives, directors
Zhang Hong Jun	Executives, directors
Meng Jin Song	Executives
Wang Bao Jun	Executives, directors, directors
Wang Yi Dong	Directors, executives
Zhang Xiao Gang	Director
Liu Jie	Executives
Zhang Li Fen	Executives
Su Wen Sheng	Supervisors
Ren Zi Ping	Executives
Chen Ming	Directors, executives
Yang Hua	Director
Ma Lian Yong	Executives
Dan Ming Yi	Supervisors
Liu Bao Shan	Executives

Angang Steel Co (SZSE:000898) Headlines

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