China Longyuan Power Group (SZSE:001289) Long-Term Capital Lease Obligation : ¥698 Mil (As of Mar. 2024)

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What is China Longyuan Power Group Long-Term Capital Lease Obligation?

China Longyuan Power Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥698 Mil.

China Longyuan Power Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥563 Mil) to Dec. 2023 (¥718 Mil) but then declined from Dec. 2023 (¥718 Mil) to Mar. 2024 (¥698 Mil).

China Longyuan Power Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥875 Mil) to Dec. 2022 (¥307 Mil) but then increased from Dec. 2022 (¥307 Mil) to Dec. 2023 (¥718 Mil).

China Longyuan Power Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Longyuan Power Group'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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China Longyuan Power Group Long-Term Capital Lease Obligation Chart

China Longyuan Power Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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437.07

145.20

875.50

307.01

718.16

China Longyuan Power Group 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															307.56	880.89	562.83	718.16	698.11

China Longyuan Power Group (SZSE:001289) 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.

China Longyuan Power Group Long-Term Capital Lease Obligation Related Terms

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China Longyuan Power Group (SZSE:001289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Longyuan Power Group Corp Ltd (SZSE:001289) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

CLPXY:USA CLPXF:USA 00916:Hong Kong 6WX:Germany

Address

6 Fuchengmen North Street, Room 2006, 20th Floor, Block C, Xicheng District, Beijing, CHN

Website

http://www.clypg.com.cn

Longyuan is China's largest wind farm operator, with consolidated installed wind capacity of 26.2 gigawatts as of end-2022, representing about 7% of nationwide wind capacity. It has more than 400 wind farms spread across China, and has also expanded into other countries such as Canada and South Africa. Longyuan owns two coal-fired power plants in Jiangsu and operates other renewable assets such as solar, geothermal, and tidal energy on a limited scale. The consolidated installed capacity mix is about 84% wind, 6% thermal, and the remainder in other renewables. China Energy Investment, which was created through the merger of China Guodian Corporation and China Shenhua Group, is the major shareholder with a controlling stake of about 58.6%.

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