Jiangxi Geto New Materials (SZSE:300986) Long-Term Capital Lease Obligation : ¥27 Mil (As of Sep. 2023)

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What is Jiangxi Geto New Materials Long-Term Capital Lease Obligation?

Jiangxi Geto New Materials's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥27 Mil.

Jiangxi Geto New Materials's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (¥16 Mil) to Jun. 2023 (¥20 Mil) and increased from Jun. 2023 (¥20 Mil) to Sep. 2023 (¥27 Mil).

Jiangxi Geto New Materials's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (¥4 Mil) to Dec. 2021 (¥6 Mil) and increased from Dec. 2021 (¥6 Mil) to Dec. 2022 (¥15 Mil).

Jiangxi Geto New Materials Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiangxi Geto New Materials'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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Jiangxi Geto New Materials Long-Term Capital Lease Obligation Chart

Jiangxi Geto New Materials Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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3.89

6.10

14.53

Jiangxi Geto New Materials Quarterly Data
	Dec17	Dec18	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															3.58	14.53	15.55	20.07	27.10

Jiangxi Geto New Materials (SZSE:300986) 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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Jiangxi Geto New Materials (SZSE:300986) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jiangxi Geto New Materials Corp Ltd (SZSE:300986) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guangchang Industrial Park, Guangchang County, Jiangxi Province, Fuzhou, CHN, 344900

Website

http://www.geto.com.cn

Jiangxi Geto New Materials Corp Ltd is engaged in the research and development, design, production, sales, lease and corresponding technical guidance of the architectural aluminum mold system. It focuses on aluminum molds, climbing frames, public buildings, and prefabricated building systems.

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