China Jushi Co (SHSE:600176) Long-Term Capital Lease Obligation : ¥14 Mil (As of Mar. 2024)

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What is China Jushi Co Long-Term Capital Lease Obligation?

China Jushi Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥14 Mil.

China Jushi Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥11 Mil) to Dec. 2023 (¥14 Mil) and increased from Dec. 2023 (¥14 Mil) to Mar. 2024 (¥14 Mil).

China Jushi Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥5 Mil) to Dec. 2022 (¥3 Mil) but then increased from Dec. 2022 (¥3 Mil) to Dec. 2023 (¥14 Mil).

China Jushi Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Jushi 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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China Jushi Co Long-Term Capital Lease Obligation Chart

China Jushi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.32

4.93

4.65

3.18

13.75

China Jushi 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															3.14	11.53	11.46	13.75	13.77

China Jushi Co (SHSE:600176) 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 Jushi Co Long-Term Capital Lease Obligation Related Terms

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China Jushi Co (SHSE:600176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Jushi Co Ltd (SHSE:600176) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 669 South China Wen Road, Tongxiang Economic Development Zone, Zhejiang Province, Tongxiang, CHN, 314500

Website

http://www.jushi.com

China Jushi Co Ltd is a manufacturer of glass fiber and related products. It is also engaged in the development and operation of the commercial real estate, residential chain management, and logistics businesses. The company has a range of reinforcement fiberglass products and specifications, mainly including E-glass and C-glass rovings, chopped strands, powder and emulsion chopped strand mats, and woven rovings. In addition, the company also provides testing services for testing glass, mineral raw materials, fiberglass and its articles, fiberglass reinforced composites, chemical raw materials, sewage, waste gas and packaging materials.

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