Fuxing China Group (SGX:AWK) Long-Term Capital Lease Obligation : S$0.0 Mil (As of Dec. 2023)

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What is Fuxing China Group Long-Term Capital Lease Obligation?

Fuxing China Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.0 Mil.

Fuxing China Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fuxing China 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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Fuxing China Group Long-Term Capital Lease Obligation Chart

Fuxing China Group Annual Data

Trend

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Long-Term Capital Lease Obligation

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Fuxing China Group Semi-Annual Data
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Fuxing China Group (SGX:AWK) 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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Fuxing China Group (SGX:AWK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fuxing China Group Ltd (SGX:AWK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

3FU1:Germany

Address

Hangbian Industrial Area, Longhu Town, Fujian Province, Jinjiang, CHN, 362241

Website

http://www.3fzipper.com

Fuxing China Group Ltd is an investment holding company. The company has four reportable operating segments: Zippers, Processing, Trading, and Corporate. The zipper segment is further subdivided into Zipper Chains, and Zipper Sliders. The processing segment includes colour dyeing of fabric tapes for zippers, electroplating services for zipper sliders, and manufacturing and sales of dyed yarn. The Trading segment represents the trading of raw materials, including rubber thread, nylon fabric, and nylon yarn. Its geographical segments are China and Hong Kong, of which China accounts for the majority of its revenue.