Guangzhou Newlife New Material Co (SZSE:301323) Long-Term Capital Lease Obligation : ¥22.8 Mil (As of Mar. 2024)

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What is Guangzhou Newlife New Material Co Long-Term Capital Lease Obligation?

Guangzhou Newlife New Material Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥22.8 Mil.

Guangzhou Newlife New Material Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥12.4 Mil) to Dec. 2023 (¥22.9 Mil) but then declined from Dec. 2023 (¥22.9 Mil) to Mar. 2024 (¥22.8 Mil).

Guangzhou Newlife New Material Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥8.5 Mil) to Dec. 2022 (¥6.0 Mil) but then increased from Dec. 2022 (¥6.0 Mil) to Dec. 2023 (¥22.9 Mil).

Guangzhou Newlife New Material Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangzhou Newlife New 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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Guangzhou Newlife New Material Co Long-Term Capital Lease Obligation Chart

Guangzhou Newlife New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.35

8.49

6.04

22.92

Guangzhou Newlife New Material Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										14.70	13.12	12.37	22.92	22.80

Guangzhou Newlife New Material Co (SZSE:301323) 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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Guangzhou Newlife New Material Co (SZSE:301323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Newlife New Material Co Ltd (SZSE:301323) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 4, Canghai 4th Road, Guangzhou Economic and Technological Development Zone, Yonghe Economic Zone, Guangdong, Guangzhou, CHN, 511356

Website

http://www.kingmagnet.com

Guangzhou Newlife New Material Co Ltd is focused on the research and development and production of magnetic materials, electronic ceramic materials and devices. Its products are divided into two major product directions: civil and industrial. Industrial products mainly focus on the research and development and production of mobile phones and micro-motor peripheral products, including varistors, copper (high specific gravity alloys), thermistors (NTC), high-energy radiation protection materials, medical radiation shielding materials, nuclear radiation shielding materials, etc. Civilian products include magnetic glue materials, magnetic products, Jingyisi, magnetic advertising materials, soft magnetic coatings, etc.

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