Vantone Neo Development Group Co (SHSE:600246) Long-Term Capital Lease Obligation : ¥1.7 Mil (As of Mar. 2024)

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What is Vantone Neo Development Group Co Long-Term Capital Lease Obligation?

Vantone Neo Development Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1.7 Mil.

Vantone Neo Development Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥1.6 Mil) to Dec. 2023 (¥0.8 Mil) but then increased from Dec. 2023 (¥0.8 Mil) to Mar. 2024 (¥1.7 Mil).

Vantone Neo Development Group 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 (¥0.8 Mil).

Vantone Neo Development Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vantone Neo Development Group 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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Vantone Neo Development Group Co Long-Term Capital Lease Obligation Chart

Vantone Neo Development Group Co Annual Data

Trend

Dec14

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Dec18

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Dec20

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Dec23

Long-Term Capital Lease Obligation

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2.14

0.83

Vantone Neo Development Group 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															-	1.91	1.59	0.83	1.71

Vantone Neo Development Group Co (SHSE:600246) 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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Vantone Neo Development Group Co (SHSE:600246) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Vantone Neo Development Group Co Ltd (SHSE:600246) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 6, Chaowai Street, 4th Floor, Block D, Office Building, Chaoyang District, Beijing, CHN, 100020

Website

http://www.vantone.com

Vantone Neo Development Group Co Ltd is engaged in residential property development business. The company is also involved in commercial properties leasing and operates residential community projects.

Executives

Zhao Yi	Supervisors
Shi Ying	senior management
Xue Jiang Lian	Supervisors
Cheng Xiao Xi	senior management
Yang Yi Qing	senior management
Yang Jian Hua	senior management
Xu Yun Chong	senior management
Xu Li	Director
Yun Da Jun	Director
Wang Qing Hong	senior management
Feng Lun	Director
Hu Jia Fang	Supervisors

Vantone Neo Development Group Co (SHSE:600246) Headlines

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