Zhejiang Furun Digital Technology Co (SHSE:600070) Long-Term Capital Lease Obligation : ¥0.6 Mil (As of Sep. 2024)

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What is Zhejiang Furun Digital Technology Co Long-Term Capital Lease Obligation?

Zhejiang Furun Digital Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0.6 Mil.

Zhejiang Furun Digital Technology Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (¥1.7 Mil) to Jun. 2024 (¥0.6 Mil) but then stayed the same from Jun. 2024 (¥0.6 Mil) to Sep. 2024 (¥0.6 Mil).

Zhejiang Furun Digital Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0.8 Mil) to Dec. 2022 (¥1.9 Mil) but then declined from Dec. 2022 (¥1.9 Mil) to Dec. 2023 (¥1.0 Mil).

Zhejiang Furun Digital Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Furun Digital Technology Co'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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Zhejiang Furun Digital Technology Co Long-Term Capital Lease Obligation Chart

Zhejiang Furun Digital Technology Co Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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0.79

1.87

1.04

Zhejiang Furun Digital Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.61	1.04	1.68	0.57	0.57

Zhejiang Furun Digital Technology Co (SHSE:600070) 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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Zhejiang Furun Digital Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Furun Digital Technology Co Ltd (SHSE:600070) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 12 Taozhu South Road, Zhuji, Zhejiang, CHN, 311800

Website

http://www.furun.net

Zhejiang Furun Digital Technology Co Ltd, formerly Zhejiang Furun Co Ltd is a China-based company engaged in the textiles business. It offers silk and wool; textile, decorative, and knitted fabrics; and knitted and woven garments. It is also involved in the silk spinning, printing, and dyeing; steel pipe processing and production; and commerce businesses. In addition, the company engages in the development and application of the Internet and big data.

Executives

Jiang You Gui	Directors, senior managers
Fu Hai Peng	Directors, senior managers
Zhang Yu Lan	senior management
Wang Yan	senior management
Ying Ye Hua	senior management
Fu Guo Zhu	Director
He Si Xin	senior management
Zhao Lin Zhong	Director
Zhao Hai	senior management
Luo Dan Jun	Supervisors
Zhao Yu	Director
Shang Guan Jun	Supervisors
Xu Hang Fang	Supervisors
Cai Yu Qing	Supervisors
Wang Jian	Director

Zhejiang Furun Digital Technology Co Headlines

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