China Gerui Advanced Materials Group (FRA:G60A) Long-Term Capital Lease Obligation : €0.00 Mil (As of Sep. 2014)

View and export this data going back to . Start your Free Trial

What is China Gerui Advanced Materials Group Long-Term Capital Lease Obligation?

China Gerui Advanced Materials Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2014 was €0.00 Mil.

China Gerui Advanced Materials Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2014 (€7.92 Mil) to Jun. 2014 (€6.79 Mil) and declined from Jun. 2014 (€6.79 Mil) to Sep. 2014 (€0.00 Mil).

China Gerui Advanced Materials Group's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2011 (€0.00 Mil) to Dec. 2012 (€0.00 Mil) but then increased from Dec. 2012 (€0.00 Mil) to Dec. 2013 (€9.51 Mil).

China Gerui Advanced Materials Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Gerui Advanced Materials Group'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.

* Premium members only.

China Gerui Advanced Materials Group Long-Term Capital Lease Obligation Chart

China Gerui Advanced Materials Group Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

9.51

China Gerui Advanced Materials Group Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	9.51	7.92	6.79	-

China Gerui Advanced Materials Group (FRA:G60A) 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.

China Gerui Advanced Materials Group Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of China Gerui Advanced Materials Group's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

China Gerui Advanced Materials Group (FRA:G60A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Gerui Advanced Materials Group Ltd (FRA:G60A) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

1 Shuanghu Development Zone, Zhengzhou, Xinzheng City, Henan, CHN, 451191

Website

http://www.geruigroup.com

China Gerui Advanced Materials Group Ltd is a China-based steel processor company. It manufactures high precision cold-rolled narrow strip steel products and converts steel manufactured into thin steel sheets and strips. It mainly produces ultra-thin, high-strength cold-rolled steel products and chromium plates. The company sells its products to domestic Chinese customers who primarily operate in the food and industrial packaging, construction and household decorations materials, electrical appliances, and telecommunications wires and cables industries.

China Gerui Advanced Materials Group (FRA:G60A) Headlines

No Headlines