Gulf Resources (FRA:R29B) Long-Term Capital Lease Obligation : €7.78 Mil (As of Sep. 2023)

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What is Gulf Resources Long-Term Capital Lease Obligation?

Gulf Resources's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €7.78 Mil.

Gulf Resources's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (€8.85 Mil) to Jun. 2023 (€7.70 Mil) but then increased from Jun. 2023 (€7.70 Mil) to Sep. 2023 (€7.78 Mil).

Gulf Resources's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€8.15 Mil) to Dec. 2021 (€8.26 Mil) and increased from Dec. 2021 (€8.26 Mil) to Dec. 2022 (€8.53 Mil).

Gulf Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gulf Resources'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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Gulf Resources Long-Term Capital Lease Obligation Chart

Gulf Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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1.82

8.85

8.15

8.26

8.53

Gulf Resources Quarterly Data
	Dec18	Mar19	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															8.97	8.53	8.85	7.70	7.78

Gulf Resources (FRA:R29B) 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.

Gulf Resources Long-Term Capital Lease Obligation Related Terms

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Gulf Resources (FRA:R29B) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gulf Resources Inc (FRA:R29B) » Definitions » Long-Term Capital Lease Obligation

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GURE:USA

Address

Level 11, Vegetable Building, Industrial Park of the East Shouguang City, Shandong, Shouguang, CHN, 262700

Website

http://www.gulfresourcesinc.com

Gulf Resources Inc is a holding company engaged in the manufacture and trade of bromine and crude salt, and natural gas; manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents and inorganic chemicals, and manufactures and sells materials for human and animal antibiotics. It operates in four segments: Bromine, Crude Salt, Chemical Products, and Natural Gas. It derives maximum revenue from the Bromine segment which is commonly used in brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.

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