Hainan RuiZe New Building Material Co (SZSE:002596) Long-Term Capital Lease Obligation : ¥33 Mil (As of Mar. 2024)

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What is Hainan RuiZe New Building Material Co Long-Term Capital Lease Obligation?

Hainan RuiZe New Building Material Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥33 Mil.

Hainan RuiZe New Building Material Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥38 Mil) to Dec. 2023 (¥32 Mil) but then increased from Dec. 2023 (¥32 Mil) to Mar. 2024 (¥33 Mil).

Hainan RuiZe New Building Material Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥54 Mil) to Dec. 2022 (¥42 Mil) and declined from Dec. 2022 (¥42 Mil) to Dec. 2023 (¥32 Mil).

Hainan RuiZe New Building Material Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hainan RuiZe New Building Material 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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Hainan RuiZe New Building Material Co Long-Term Capital Lease Obligation Chart

Hainan RuiZe New Building Material Co Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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37.28

54.33

41.66

32.46

Hainan RuiZe New Building Material 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															46.02	41.85	37.65	32.46	32.61

Hainan RuiZe New Building Material Co (SZSE:002596) 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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Hainan RuiZe New Building Material Co (SZSE:002596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Hainan RuiZe New Building Material Co Ltd (SZSE:002596) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.488 Yingbin Road, Sanya, CHN, 572011

Website

http://www.hnruize.com

Hainan RuiZe New Building Material Co Ltd is engaged in the manufacturing and sale of concrete, wall materials, and cement. In addition, it is also involved in the landscaping business. The company's products are mainly used in large-scale construction projects, including national, provincial and municipal large-scale urban base facilities, traffic engineering and large-scale residential projects. Geographically the group operates through China.

Executives

Zhang Hai Lin	Director
Yu Qing Chi	Directors, Directors, and Executives
Bai Jing	Independent director
Zhang Yi Lin	Directors, executives
Yi Cheng Zhen	Executives
Chen Hong Zhe	Executives
Yang Zhuang Xu	Supervisors
Gao Xu	Supervisors
Wang Pei Ming	Director

Hainan RuiZe New Building Material Co (SZSE:002596) Headlines

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