Shanghai M&G Stationery (SHSE:603899) Long-Term Capital Lease Obligation : ¥199 Mil (As of Dec. 2023)

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What is Shanghai M&G Stationery Long-Term Capital Lease Obligation?

Shanghai M&G Stationery's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥199 Mil.

Shanghai M&G Stationery's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (¥163 Mil) to Sep. 2023 (¥174 Mil) and increased from Sep. 2023 (¥174 Mil) to Dec. 2023 (¥199 Mil).

Shanghai M&G Stationery's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥173 Mil) to Dec. 2022 (¥145 Mil) but then increased from Dec. 2022 (¥145 Mil) to Dec. 2023 (¥199 Mil).

Shanghai M&G Stationery Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai M&G Stationery'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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Shanghai M&G Stationery Long-Term Capital Lease Obligation Chart

Shanghai M&G Stationery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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176.62

172.92

144.95

198.61

Shanghai M&G Stationery Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															144.95	152.78	163.28	174.11	198.61

Shanghai M&G Stationery (SHSE:603899) 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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Shanghai M&G Stationery (SHSE:603899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai M&G Stationery Inc (SHSE:603899) » Definitions » Long-Term Capital Lease Obligation

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Address

3469 Jinqian Road, Building 3, Fengxian District, Shanghai, CHN, 201406

Website

https://www.mg-pen.com

Shanghai M&G Stationery Inc is engaged in the production and distribution of stationery products in China. The company operates in four segments Office direct selling business and Traditional core business. The majority of the revenue is generated from the Traditional core business which is engaged in developing, manufacturing, and selling writing instruments, student stationery, office supplies, and other products. Its products include such as ballpoint pens, gel pens, mechanical pencils, highlighters, markers, roller pens, erasable gel pens, Pen refills, and other stationeries. The company provides and manufactures stationery products that include writing instruments, school stationery, office stationery, and other related products. The majority of the revenue is generated in China.

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