East Group Co (SZSE:300376) Long-Term Capital Lease Obligation : ¥112 Mil (As of Mar. 2024)

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What is East Group Co Long-Term Capital Lease Obligation?

East Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥112 Mil.

East Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥137 Mil) to Dec. 2023 (¥112 Mil) but then increased from Dec. 2023 (¥112 Mil) to Mar. 2024 (¥112 Mil).

East Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥141 Mil) to Dec. 2022 (¥137 Mil) and declined from Dec. 2022 (¥137 Mil) to Dec. 2023 (¥112 Mil).

East Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for East 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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East Group Co Long-Term Capital Lease Obligation Chart

East Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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141.04

137.44

112.07

East 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															144.29	137.68	137.13	112.07	112.43

East Group Co (SZSE:300376) 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.

East Group Co Long-Term Capital Lease Obligation Related Terms

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East Group Co (SZSE:300376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » East Group Co Ltd (SZSE:300376) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 6 Northern Industry Road, Songshan lake, Science and Technology Industrial Park, Dongguan, CHN, 523808

Website

http://www.eastups.com

East Group Co Ltd operates as a power supply manufacturer in China. It focuses on providing green, energy-saving, stable, reliable and continuous power supplies. The products offered by the group include Solar inverters & Solar PV energy solutions, UPS & Data center solutions, Electric vehicle charging station, Stabilizer and Lead-acid maintenance-free battery. Geographically it operates through China and it holds more than 200 representative offices around China. The company's products are sold in both Chinese and international markets.

Executives

Dai Bao Feng	Director
Zhang Tao	Executives
Xu Hai Bo	Directors, executives
Zhang Shun Jiang	Executives
Yu Wei	Directors, executives
He Jia	Director
Shi Xiao Li	Supervisors
He Si Mo	Directors, executives
Zhao Jiu Hong	Directors, executives
Yang Qin	Supervisors
Chen Yong Hua	Executives
Sun Xiao Ling	Supervisors

East Group Co (SZSE:300376) Headlines

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