Liaoning Shidai Waheng Co (SHSE:600241) Long-Term Capital Lease Obligation : ¥0.2 Mil (As of Mar. 2024)

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What is Liaoning Shidai Waheng Co Long-Term Capital Lease Obligation?

Liaoning Shidai Waheng Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.2 Mil.

Liaoning Shidai Waheng Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0.0 Mil) to Dec. 2023 (¥0.2 Mil) but then declined from Dec. 2023 (¥0.2 Mil) to Mar. 2024 (¥0.2 Mil).

Liaoning Shidai Waheng Co's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (¥0.0 Mil) to Dec. 2022 (¥0.0 Mil) but then increased from Dec. 2022 (¥0.0 Mil) to Dec. 2023 (¥0.2 Mil).

Liaoning Shidai Waheng Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Liaoning Shidai Waheng 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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Liaoning Shidai Waheng Co Long-Term Capital Lease Obligation Chart

Liaoning Shidai Waheng Co Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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0.15

0.20

Liaoning Shidai Waheng Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	0.20	0.18

Liaoning Shidai Waheng Co (SHSE:600241) 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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Liaoning Shidai Waheng Co (SHSE:600241) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Liaoning Shidai Waheng Co Ltd (SHSE:600241) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 7 Gangwan Street, Zhongshan District, Liaoning, Dalian, CHN, 116001

Website

http://www.shidaiwanheng.com

Liaoning Shidai Waheng Co Ltd is a China based company engaged in the apparel business. It is also involved in the provision of garment processing, fabric printing and dyeing, and freight forwarding services. Further, the group is also engaged in the development and sale of real estate properties; and financial equity investment activities.

Executives

Deng Qing Zhu	Director
Mou Yun Long	senior management
Luo Wei Ming	Director
Wei Gang	Director
Yin Yao	senior management

Liaoning Shidai Waheng Co (SHSE:600241) Headlines

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