Jiangsu Keqiang New Materials Co (BJSE:873665) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Mar. 2024)

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What is Jiangsu Keqiang New Materials Co Long-Term Capital Lease Obligation?

Jiangsu Keqiang New Materials Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil.

Jiangsu Keqiang New Materials Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiangsu Keqiang New Materials 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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Jiangsu Keqiang New Materials Co Long-Term Capital Lease Obligation Chart

Jiangsu Keqiang New Materials Co Annual Data

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Long-Term Capital Lease Obligation

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Jiangsu Keqiang New Materials Co Quarterly Data
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Jiangsu Keqiang New Materials Co (BJSE:873665) 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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Jiangsu Keqiang New Materials Co (BJSE:873665) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Keqiang New Materials Co Ltd (BJSE:873665) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 1, Xiasheng Road, Qiaoqi Industrial Park, Jiangyin, CHN

Website

http://www.keqiangtape.com

Jiangsu Keqiang New Materials Co Ltd is a company engaged in research & development, production and sales of special high-performance rubber (cloth, plate, belt) products, providing global customers with system solutions in the fields of sealing, buffering, anti-corrosion, transmission and other fields. The main products include train windshield fabrics, silicone sheets for photovoltaic module laminators, rubber sealing parts for storage tanks, lightweight rubber conveyor belts, etc.

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