Sino Grandness Food Industry Group (SGX:T4B) Long-Term Capital Lease Obligation : S$0.2 Mil (As of Dec. 2020)

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What is Sino Grandness Food Industry Group Long-Term Capital Lease Obligation?

Sino Grandness Food Industry Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2020 was S$0.2 Mil.

Sino Grandness Food Industry Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2019 (S$1.9 Mil) to Dec. 2019 (S$0.2 Mil) and declined from Dec. 2019 (S$0.2 Mil) to Dec. 2020 (S$0.2 Mil).

Sino Grandness Food Industry Group's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (S$0.2 Mil) to Dec. 2020 (S$0.2 Mil) and declined from Dec. 2020 (S$0.2 Mil) to Dec. 2021 (S$0.1 Mil).

Sino Grandness Food Industry Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sino Grandness Food Industry 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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Sino Grandness Food Industry Group Long-Term Capital Lease Obligation Chart

Sino Grandness Food Industry Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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1.17

0.46

0.25

0.19

0.12

Sino Grandness Food Industry Group Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Dec20	Dec21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.06	1.94	0.25	0.19	0.12

Sino Grandness Food Industry Group (SGX:T4B) 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 Grandness Food Industry Group (SGX:T4B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sino Grandness Food Industry Group Ltd (SGX:T4B) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

1 Tangtou Road, Shiyan Street, 7th Floor, Unit 0729, Block 2B, Skyworth Inno Valley, Baoan District, Shenzhen, CHN

Website

http://www.grandnessgroups.com

Sino Grandness Food Industry Group Ltd is an investment holding company. The company's operating segment includes Canned vegetable and fruits and Fruit beverages. It generates maximum revenue from the Fruit beverages segment. Geographically, it derives a majority of revenue from the People's Republic of China and also has a presence in Europe, North America, South America, and Other Countries. Some of its product includes mandarin orange, litchi, pear, pineapple, yellow peach, Loquat juice, and others.

Sino Grandness Food Industry Group (SGX:T4B) Headlines

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