Zhejiang Furun Digital Technology Co (SHSE:600070) Long-Term Capital Lease Obligation : ¥1.6 Mil (As of Sep. 2023)

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What is Zhejiang Furun Digital Technology Co Long-Term Capital Lease Obligation?

Zhejiang Furun Digital Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥1.6 Mil.

Zhejiang Furun Digital Technology Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (¥1.8 Mil) to Jun. 2023 (¥1.6 Mil) and declined from Jun. 2023 (¥1.6 Mil) to Sep. 2023 (¥1.6 Mil).

Zhejiang Furun Digital Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (¥0.0 Mil) to Dec. 2021 (¥0.8 Mil) and increased from Dec. 2021 (¥0.8 Mil) to Dec. 2022 (¥1.9 Mil).

Zhejiang Furun Digital Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Furun Digital Technology 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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Zhejiang Furun Digital Technology Co Long-Term Capital Lease Obligation Chart

Zhejiang Furun Digital Technology Co Annual Data

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Long-Term Capital Lease Obligation

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0.79

1.87

Zhejiang Furun Digital Technology Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.79	1.87	1.78	1.63	1.61

Zhejiang Furun Digital Technology Co (SHSE:600070) 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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Zhejiang Furun Digital Technology Co (SHSE:600070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Furun Digital Technology Co Ltd (SHSE:600070) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 12 Taozhu South Road, Zhuji, Zhejiang, CHN, 311800

Website

http://www.furun.net

Zhejiang Furun Digital Technology Co Ltd, formerly Zhejiang Furun Co Ltd is a China-based company engaged in the textiles business. It offers silk and wool; textile, decorative, and knitted fabrics; and knitted and woven garments. It is also involved in the silk spinning, printing, and dyeing; steel pipe processing and production; and commerce businesses. In addition, the company engages in the development and application of the Internet and big data.

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