Kingenta Ecological Engineering Group Co (SZSE:002470) Long-Term Capital Lease Obligation : ¥13 Mil (As of Mar. 2024)

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What is Kingenta Ecological Engineering Group Co Long-Term Capital Lease Obligation?

Kingenta Ecological Engineering Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥13 Mil.

Kingenta Ecological Engineering Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥6 Mil) to Dec. 2023 (¥15 Mil) but then declined from Dec. 2023 (¥15 Mil) to Mar. 2024 (¥13 Mil).

Kingenta Ecological Engineering Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥12 Mil) to Dec. 2022 (¥9 Mil) but then increased from Dec. 2022 (¥9 Mil) to Dec. 2023 (¥15 Mil).

Kingenta Ecological Engineering Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kingenta Ecological Engineering Group 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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Kingenta Ecological Engineering Group Co Long-Term Capital Lease Obligation Chart

Kingenta Ecological Engineering Group Co Annual Data

Trend

Dec14

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Dec20

Dec21

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Dec23

Long-Term Capital Lease Obligation

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11.74

8.80

15.13

Kingenta Ecological Engineering Group 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															8.88	7.92	6.31	15.13	13.06

Kingenta Ecological Engineering Group Co (SZSE:002470) 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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Kingenta Ecological Engineering Group Co (SZSE:002470) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Kingenta Ecological Engineering Group Co Ltd (SZSE:002470) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.19 Xingda west street, Linshu, Shandong Province, Linyi, CHN, 276700

Website

http://www.kingenta.com

Kingenta Ecological Engineering Group Co Ltd engaged in Research and Development, production and marketing of compound/blend fertilizer, slow/controlled release fertilizer and other new fertilizers. Its products include Polymer coated urea, Plant oil coated urea, Polymer sulfur coated urea, Polymer coated fertilizer and other.

Executives

Wu Xiu Qing	Supervisors
Bai Ying	Executives
Wan Lian Bu	Directors, executives
Di Ji Dong	Executives
Cui Bin	Directors, Directors, and Executives
Yang Chun Ju	Securities Affairs Representative
Hu Zhao Ping	Executives
Yan Ming Xiao	Executives
Zheng Shu Lin	Executives
Yang Yan	Supervisors
Li Ji Guo	Executives
Gao Yi Wu	Directors, executives
Zhang Xiao Yi	Director
Wang Shi Qing	Supervisors

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