Ningbo Fangzheng Automobile Mould Co (SZSE:300998) Long-Term Capital Lease Obligation : ¥7.1 Mil (As of Sep. 2023)

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What is Ningbo Fangzheng Automobile Mould Co Long-Term Capital Lease Obligation?

Ningbo Fangzheng Automobile Mould Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥7.1 Mil.

Ningbo Fangzheng Automobile Mould Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (¥7.7 Mil) to Jun. 2023 (¥6.7 Mil) but then increased from Jun. 2023 (¥6.7 Mil) to Sep. 2023 (¥7.1 Mil).

Ningbo Fangzheng Automobile Mould Co's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (¥0.5 Mil) to Dec. 2021 (¥9.2 Mil) but then declined from Dec. 2021 (¥9.2 Mil) to Dec. 2022 (¥6.3 Mil).

Ningbo Fangzheng Automobile Mould Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ningbo Fangzheng Automobile Mould 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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Ningbo Fangzheng Automobile Mould Co Long-Term Capital Lease Obligation Chart

Ningbo Fangzheng Automobile Mould Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.54

9.19

6.29

Ningbo Fangzheng Automobile Mould Co Quarterly Data
	Dec16	Dec17	Dec18	Jun19	Sep19	Dec19	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															7.11	6.29	7.67	6.74	7.10

Ningbo Fangzheng Automobile Mould Co (SZSE:300998) 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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Ningbo Fangzheng Automobile Mould Co (SZSE:300998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Fangzheng Automobile Mould Co Ltd (SZSE:300998) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 1, Sanshen Middle Road, Meilin Street, Zhejiang Province, Ninghai, CHN, 315609

Website

http://www.fzmould.com

Ningbo Fangzheng Automobile Mould Co Ltd is engaged in research and development, design, manufacturing and sales of automotive plastic molds. It offers automobile parts, molds, inspection tools, and plastic products. The company is also engaged in research and development, manufacturing, processing, sales, technical consulting, and after-sales service.

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