Fangda Special Steel Technology Co (SHSE:600507) Long-Term Capital Lease Obligation : ¥400 Mil (As of Mar. 2025)

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What is Fangda Special Steel Technology Co Long-Term Capital Lease Obligation?

Fangda Special Steel Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥400 Mil.

Fangda Special Steel Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥392 Mil) to Dec. 2024 (¥401 Mil) but then declined from Dec. 2024 (¥401 Mil) to Mar. 2025 (¥400 Mil).

Fangda Special Steel Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (¥0 Mil) to Dec. 2023 (¥391 Mil) and increased from Dec. 2023 (¥391 Mil) to Dec. 2024 (¥401 Mil).

Fangda Special Steel Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fangda Special Steel 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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Fangda Special Steel Technology Co Long-Term Capital Lease Obligation Chart

Fangda Special Steel Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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9.84

5.41

0.38

391.09

400.83

Fangda Special Steel Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															394.01	389.29	391.65	400.83	400.13

Fangda Special Steel Technology Co (SHSE:600507) 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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Fangda Special Steel Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fangda Special Steel Technology Co Ltd (SHSE:600507) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 475 Yanjin Avenue, Qingshanhu District, Nanchang, Jiangxi, CHN, 330012

Website

http://www.fangda-specialsteels.com

Fangda Special Steel Technology Co Ltd is mainly engaged in the production and distribution of iron and steel products. It is also involved in processing coke crafts, sintering, smelting iron, steel-making, and steel rolling. The company's products include the automotive leaf springs, deformed steel bars, spring flat steels, round springs, shock absorbers, spring special equipment, auto parts, and molds.

Executives

Li Hong Wei	Director
Wu Xiao	senior management
Xie Fei Ming	Director
Yin Ai Guo	Director
Huang Zhi Hua	Director
Rao Dong Yun	Director
Ju Qi Ping	Director
Ao Xin Hua	Director
Wu Feng	senior management
Tan Zhao Chun	Director
Song Ying	Director
Zhong Chong Wu	Director
Tian Xiao Long	senior management
Wang Chun Lei	senior management
Liu De Ming	senior management

Fangda Special Steel Technology Co Headlines

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