Suzhou Gold Mantis Construction Decoration Co (SZSE:002081) Long-Term Capital Lease Obligation : ¥119 Mil (As of Mar. 2024)

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What is Suzhou Gold Mantis Construction Decoration Co Long-Term Capital Lease Obligation?

Suzhou Gold Mantis Construction Decoration Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥119 Mil.

Suzhou Gold Mantis Construction Decoration Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥122 Mil) to Dec. 2023 (¥118 Mil) but then increased from Dec. 2023 (¥118 Mil) to Mar. 2024 (¥119 Mil).

Suzhou Gold Mantis Construction Decoration Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥126 Mil) to Dec. 2022 (¥127 Mil) but then declined from Dec. 2022 (¥127 Mil) to Dec. 2023 (¥118 Mil).

Suzhou Gold Mantis Construction Decoration Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Suzhou Gold Mantis Construction Decoration 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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Suzhou Gold Mantis Construction Decoration Co Long-Term Capital Lease Obligation Chart

Suzhou Gold Mantis Construction Decoration Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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125.90

126.30

127.42

118.20

Suzhou Gold Mantis Construction Decoration 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															124.10	130.06	122.18	118.20	118.84

Suzhou Gold Mantis Construction Decoration Co (SZSE:002081) 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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Suzhou Gold Mantis Construction Decoration Co (SZSE:002081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Suzhou Gold Mantis Construction Decoration Co Ltd (SZSE:002081) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 888 West Ring Road, Suzhou, CHN, 215004

Website

http://www.goldmantis.com

Suzhou Gold Mantis Construction Decoration Co Ltd is a China-based company engages in the interior decoration industry. Its principal activities include curtain wall, furniture, landscape, artwork, and mechanical and electrical equipment installation, in China. The company's operating segment includes Construction decoration; Manufacturing and others. It generates maximum revenue from the Construction decoration segment.

Executives

Zhu Xing Quan	Directors, executives
Wang Hong	Executives
Cao Li Ming	Directors, executives
Yang Peng	Director
Ni Lin	Director
Yang Zhen	Director
Yan Duo Lin	Directors, executives
Luo Cheng Yun	Executives
Dong Sheng	Executives
Zhang Jun	Supervisors
Yan Yong Fa	Supervisors
Bai Ji Zhong	Executives
Wang An Li	Director
Jiang Ying	Supervisors
Mao Guo Ping	Executives

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