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Js Beauty Land Network Technology (Js Beauty Land Network Technology) Long-Term Capital Lease Obligation : $0.01 Mil (As of Sep. 2021)


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What is Js Beauty Land Network Technology Long-Term Capital Lease Obligation?

Js Beauty Land Network Technology's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was $0.01 Mil.

Js Beauty Land Network Technology's quarterly Long-Term Capital Lease Obligation declined from Mar. 2021 ($0.04 Mil) to Jun. 2021 ($0.02 Mil) and declined from Jun. 2021 ($0.02 Mil) to Sep. 2021 ($0.01 Mil).

Js Beauty Land Network Technology's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2018 ($0.00 Mil) to Dec. 2019 ($0.00 Mil) but then increased from Dec. 2019 ($0.00 Mil) to Dec. 2020 ($0.06 Mil).


Js Beauty Land Network Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Js Beauty Land Network Technology'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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Js Beauty Land Network Technology Long-Term Capital Lease Obligation Chart

Js Beauty Land Network Technology Annual Data
Trend Dec18 Dec19 Dec20
Long-Term Capital Lease Obligation
- - 0.06

Js Beauty Land Network Technology Quarterly Data
Sep18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.06 0.04 0.02 0.01

Js Beauty Land Network Technology  (OTCPK:JSBL) 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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Js Beauty Land Network Technology (Js Beauty Land Network Technology) Business Description

Traded in Other Exchanges
N/A
Address
No. 99, Taihu Road, Jiangsu Province, Yancheng, CHN, 224600
Website
Js Beauty Land Network Technology Inc is engaged in the jewelry business. The firm is a Chinese retailer and wholesaler of jade stone-adorned jewelry and decoration.

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