HUANLEJIA Food Group Co (SZSE:300997) Long-Term Capital Lease Obligation

: ¥5 Mil (As of Dec. 2023)

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HUANLEJIA Food Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥5 Mil.

HUANLEJIA Food Group Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (¥5 Mil) to Sep. 2023 (¥5 Mil) but then increased from Sep. 2023 (¥5 Mil) to Dec. 2023 (¥5 Mil).

HUANLEJIA Food Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥8 Mil) to Dec. 2022 (¥6 Mil) and declined from Dec. 2022 (¥6 Mil) to Dec. 2023 (¥5 Mil).

HUANLEJIA Food Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for HUANLEJIA Food 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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HUANLEJIA Food Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

7.82

6.29

5.11

HUANLEJIA Food Group Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																6.29	5.90	5.49	5.06	5.11

HUANLEJIA Food Group Co (SZSE:300997) 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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HUANLEJIA Food Group Co (SZSE:300997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » HUANLEJIA Food Group Co Ltd (SZSE:300997) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 71, Renmin Avenue Middle, Development Zone, 28th, 29th, 31st and 32nd floors of Happy Home Building, Guangdong Province, Zhanjiang, CHN, 524026

Website

https://www.gdhlj.com

HUANLEJIA Food Group Co Ltd is engaged in research and development, production and sales of food and beverage products such as canned fruits, vegetable protein beverages, fruit juice beverages, and lactic acid bacteria beverages.

HUANLEJIA Food Group Co (SZSE:300997) Headlines

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