Minth Group (Minth Group) Long-Term Capital Lease Obligation : $9 Mil (As of Dec. 2023)

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What is Minth Group Long-Term Capital Lease Obligation?

Minth Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9 Mil.

Minth Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($12 Mil) to Jun. 2023 ($11 Mil) and declined from Jun. 2023 ($11 Mil) to Dec. 2023 ($9 Mil).

Minth Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($16 Mil) to Dec. 2022 ($12 Mil) and declined from Dec. 2022 ($12 Mil) to Dec. 2023 ($9 Mil).

Minth Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Minth 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.

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Minth Group Long-Term Capital Lease Obligation Chart

Minth Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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13.34

1.77

15.67

11.60

9.32

Minth Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															15.67	13.73	11.60	10.77	9.32

Minth Group (OTCPK:MNTHF) 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.

Minth Group Long-Term Capital Lease Obligation Related Terms

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Minth Group (Minth Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Minth Group Ltd (OTCPK:MNTHF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MNTHY:USA 00425:Hong Kong M3I:Germany

Address

No. 1 Yazhong Road, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006

Website

http://www.minthgroup.com

Minth Group Ltd is an investment holding company with its subsidiaries engaged in the design, manufacturing, processing, developing, and sales of automobile body parts and moulds for passenger cars. It operates in five segments: Aluminium, Plastic, Battery housing, Metal & Trim, and Others. Some of its products consist of trims, decorative parts, body-structural parts, seat frame systems, roof racks, and others. Its geographical operations are located in the PRC, the United States of America (the USA), Japan, Thailand, Germany, Serbia, and Mexico.

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