Sino Geophysical Co (SZSE:300191) Long-Term Capital Lease Obligation : ¥0.4 Mil (As of Mar. 2024)

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What is Sino Geophysical Co Long-Term Capital Lease Obligation?

Sino Geophysical Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.4 Mil.

Sino Geophysical Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0.7 Mil) to Dec. 2023 (¥0.8 Mil) but then declined from Dec. 2023 (¥0.8 Mil) to Mar. 2024 (¥0.4 Mil).

Sino Geophysical Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥1.9 Mil) to Dec. 2022 (¥2.0 Mil) but then declined from Dec. 2022 (¥2.0 Mil) to Dec. 2023 (¥0.8 Mil).

Sino Geophysical Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sino Geophysical 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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Sino Geophysical Co Long-Term Capital Lease Obligation Chart

Sino Geophysical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.49

1.87

1.99

0.84

Sino Geophysical 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															1.50	1.14	0.74	0.84	0.41

Sino Geophysical Co (SZSE:300191) 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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Sino Geophysical Co (SZSE:300191) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sino Geophysical Co Ltd (SZSE:300191) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

16th Floor Building B, Kinglong Intemational, No 9 Fulin Road, Chaoyang District, Beijing, CHN, 100107

Website

http://www.sinogeo.com

Sino Geophysical Co Ltd is a petroleum exploration and development company with integrated exploration and development technology services and oil and gas exploration and development investment. Its businesses include seismic data processing, seismic data interpretation, geological analysis, and well placement.

Executives

Zhou Jin Ming	Directors, executives
Yu Zhang Hua	Supervisors
Yu Jin Xing	Director
Wu Jie	Supervisors
Han Hong Xia	Supervisors
Lin Zheng Xie	Directors, executives
Ke Tai Long	Director

Sino Geophysical Co (SZSE:300191) Headlines

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