Qinghai Jinrui Mineral Development Co (SHSE:600714) Long-Term Capital Lease Obligation : ¥1.5 Mil (As of Mar. 2025)

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What is Qinghai Jinrui Mineral Development Co Long-Term Capital Lease Obligation?

Qinghai Jinrui Mineral Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥1.5 Mil.

Qinghai Jinrui Mineral Development Co's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2024 (¥0.0 Mil) to Dec. 2024 (¥0.0 Mil) but then increased from Dec. 2024 (¥0.0 Mil) to Mar. 2025 (¥1.5 Mil).

Qinghai Jinrui Mineral Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Qinghai Jinrui Mineral Development 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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Qinghai Jinrui Mineral Development Co Long-Term Capital Lease Obligation Chart

Qinghai Jinrui Mineral Development Co Annual Data

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Long-Term Capital Lease Obligation

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Qinghai Jinrui Mineral Development 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															-	-	-	-	1.55

Qinghai Jinrui Mineral Development Co (SHSE:600714) 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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Qinghai Jinrui Mineral Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Qinghai Jinrui Mineral Development Co Ltd (SHSE:600714) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

No. 36 Xinning Road, Qinghai Province, Xining, CHN, 810028

Website

http://www.china-shanchuan.com

Qinghai Jinrui Mineral Development Co Ltd manufactures and distributes strontium carbonate and coal products.

Executives

Ren Xiao Kun

Director

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