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Jiade (JDZG) Long-Term Capital Lease Obligation : $0.04 Mil (As of Dec. 2024)


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What is Jiade Long-Term Capital Lease Obligation?

Jiade's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.04 Mil.

Jiade's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2023 ($0.00 Mil) to Jun. 2024 ($0.00 Mil) but then increased from Jun. 2024 ($0.00 Mil) to Dec. 2024 ($0.04 Mil).

Jiade's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.30 Mil) to Dec. 2023 ($0.00 Mil) but then increased from Dec. 2023 ($0.00 Mil) to Dec. 2024 ($0.04 Mil).

Jiade Long-Term Capital Lease Obligation Historical Data

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

Jiade Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation
0.32 0.30 - 0.04

Jiade Quarterly Data
Dec21 Dec22 Sep23 Dec23 Jun24 Dec24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 0.30 0.01 - - 0.04

Jiade  (NAS:JDZG) 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.

Jiade Long-Term Capital Lease Obligation Related Terms

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Jiade Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Jiade Ltd (NAS:JDZG) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
No. 88, Section 3, Jinhua Road, 18th Floor, Block D, Huirong Plaza, Jinjiang District, Sichuan Province, Chengdu, CHN, 610000
Website
https://ir.sckbkj.com
Jiade Ltd specializes in providing one-stop comprehensive education supporting services to adult education institutions, through a wide range of software platform and auxiliary solutions. Auxiliary solutions encompass exam administration services and teaching support services throughout the entire teaching cycle. Specifically, the company offers pre-enrollment guidance on school/major selection and application strategy development, training for entrance exams, and assistance in the application process. The company also provides offline tutoring, exam administration services, guidance on graduation thesis, and social practice assistance included in the one-stop comprehensive education supporting services in the People's Republic of China.