Zhejiang Feida Environmental Science & Technology Co (SHSE:600526) Long-Term Capital Lease Obligation : ¥12 Mil (As of Mar. 2024)

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What is Zhejiang Feida Environmental Science & Technology Co Long-Term Capital Lease Obligation?

Zhejiang Feida Environmental Science & Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥12 Mil.

Zhejiang Feida Environmental Science & Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥16 Mil) to Dec. 2023 (¥10 Mil) but then increased from Dec. 2023 (¥10 Mil) to Mar. 2024 (¥12 Mil).

Zhejiang Feida Environmental Science & Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥13 Mil) to Dec. 2022 (¥16 Mil) but then declined from Dec. 2022 (¥16 Mil) to Dec. 2023 (¥10 Mil).

Zhejiang Feida Environmental Science & Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Feida Environmental Science & 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 Feida Environmental Science & Technology Co Long-Term Capital Lease Obligation Chart

Zhejiang Feida Environmental Science & Technology Co Annual Data

Trend

Dec14

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Dec20

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Dec23

Long-Term Capital Lease Obligation

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12.95

16.39

10.47

Zhejiang Feida Environmental Science & Technology 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															14.85	16.99	16.02	10.47	12.02

Zhejiang Feida Environmental Science & Technology Co (SHSE:600526) 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 Feida Environmental Science & Technology Co (SHSE:600526) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Feida Environmental Science & Technology Co Ltd (SHSE:600526) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 88 Wangyun Road, Zhuji City, Zhejiang, CHN, 311800

Website

http://www.feida.biz

Zhejiang Feida Environmental Science & Technology Co Ltd is engaged in the business of designing and manufacturing equipment for air quality control. Its business includes Flue gas treatment; Water treatment; Solid Waste treatment; Soil ecological restoration; Cyclic economy industrial park; and Equipment manufacture.

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