Tangshannyou Chemical Industries Co (SHSE:600409) Long-Term Capital Lease Obligation : ¥429 Mil (As of Jun. 2024)

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What is Tangshannyou Chemical Industries Co Long-Term Capital Lease Obligation?

Tangshannyou Chemical Industries Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥429 Mil.

Tangshannyou Chemical Industries Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (¥478 Mil) to Mar. 2024 (¥458 Mil) and declined from Mar. 2024 (¥458 Mil) to Jun. 2024 (¥429 Mil).

Tangshannyou Chemical Industries Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥667 Mil) to Dec. 2022 (¥633 Mil) and declined from Dec. 2022 (¥633 Mil) to Dec. 2023 (¥478 Mil).

Tangshannyou Chemical Industries Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tangshannyou Chemical Industries 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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Tangshannyou Chemical Industries Co Long-Term Capital Lease Obligation Chart

Tangshannyou Chemical Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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700.72

667.19

633.00

477.63

Tangshannyou Chemical Industries Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															494.79	500.58	477.63	457.76	428.84

Tangshannyou Chemical Industries Co (SHSE:600409) 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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Tangshannyou Chemical Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tangshan Sanyou Chemical Industries Co Ltd (SHSE:600409) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Nanbao Development Zone, Tangshan, Hebei, CHN, 063305

Website

http://www.sanyou-chem.com.cn

Tangshan Sanyou Chemical Industries Co Ltd is principally engaged in the production and sale of chemical products. Sanyou's technical process includes squeezing and pressing method, solid phase, and liquid phase. The company offers dense and light soda ash, hydration dense and extrusion dense soda ash, normal, low salt, super-low salt, and special low soda ash, industrial soda ash, food additive soda ash, viscose fiber, PVC and caustic soda products. In addition, the company offers salt products comprising industry salt, refined powder salt, industrial washing brine and magnesium chloride.

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