Gifore Agricultural Science & Technology Service Co (SZSE:300022) Long-Term Capital Lease Obligation : ¥8 Mil (As of Mar. 2024)

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What is Gifore Agricultural Science & Technology Service Co Long-Term Capital Lease Obligation?

Gifore Agricultural Science & Technology Service Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8 Mil.

Gifore Agricultural Science & Technology Service Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥9 Mil) to Dec. 2023 (¥9 Mil) and declined from Dec. 2023 (¥9 Mil) to Mar. 2024 (¥8 Mil).

Gifore Agricultural Science & Technology Service Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥11 Mil) to Dec. 2022 (¥8 Mil) but then increased from Dec. 2022 (¥8 Mil) to Dec. 2023 (¥9 Mil).

Gifore Agricultural Science & Technology Service Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gifore Agricultural Science & Technology Service 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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Gifore Agricultural Science & Technology Service Co Long-Term Capital Lease Obligation Chart

Gifore Agricultural Science & Technology Service Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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17.03

10.79

8.24

8.55

Gifore Agricultural Science & Technology Service 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															9.22	8.65	9.48	8.55	8.18

Gifore Agricultural Science & Technology Service Co (SZSE:300022) 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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Gifore Agricultural Science & Technology Service Co (SZSE:300022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Gifore Agricultural Science & Technology Service Co (SZSE:300022) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.219, Gangtong North 2nd Road, Chengdu Modern Industrial Port, Sichuan, Chengdu, CHN, 611743

Website

http://www.gifore.com

Gifore Agricultural Machinery Chain Co Ltd operates in the agricultural machinery circulation industry. The business of the company includes sales and service of equipment, agricultural light trucks, and rural general mechanical and electrical.

Executives

Wang Hong Yan	Director
Wang Xin Ming	Directors, executives
He Zhi Wen	Director
Li Yu Ying	Supervisors
Ceng Chen Dong	Directors, executives
Zhao Ze Liang	Directors, executives
Zheng Ge	Directors, executives
Chen De	Supervisors
Ren Dan Hua	Director
Diao Hai Lei	Executives
Huang Xiao Li	Supervisors
Lai Han	Director
Zhang Li Shang	Director

Gifore Agricultural Science & Technology Service Co (SZSE:300022) Headlines

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