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Kingold Jewelry (Kingold Jewelry) Long-Term Capital Lease Obligation : $0 Mil (As of Sep. 2019)


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What is Kingold Jewelry Long-Term Capital Lease Obligation?

Kingold Jewelry's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0 Mil.


Kingold Jewelry Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kingold Jewelry'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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Kingold Jewelry Long-Term Capital Lease Obligation Chart

Kingold Jewelry Annual Data
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Long-Term Capital Lease Obligation
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Kingold Jewelry Quarterly Data
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Kingold Jewelry  (GREY:KGJI) 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.

Kingold Jewelry Long-Term Capital Lease Obligation Related Terms

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Kingold Jewelry (Kingold Jewelry) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Han Huang Road, Jiang'an District, Hubei Province, 15 Huangpu Science & Technology Park, Wuhan, CHN, 430023
Kingold Jewelry Inc designs and manufactures 24-karat gold jewelry and Chinese ornaments. The company along with its subsidiaries develops markets and sells products including gold necklaces, rings, earrings, bracelets, and pendants to the jewelry market in China. The company also sells gold bars and coins and other products through various banks in China. It derives most of its revenues from the sales of 24-karat jewelry and Chinese ornaments and from design and processing fees.
Executives
H. David Sherman director 38 HOMEWOOD ROAD, NEWTON MA 02468
Bin Liu officer: CHIEF FINANCIAL OFFICER 40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005

Kingold Jewelry (Kingold Jewelry) Headlines

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