Sunny Loan Top Co (SHSE:600830) Long-Term Capital Lease Obligation : ¥4.2 Mil (As of Mar. 2024)

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What is Sunny Loan Top Co Long-Term Capital Lease Obligation?

Sunny Loan Top Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4.2 Mil.

Sunny Loan Top Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥4.1 Mil) to Dec. 2023 (¥4.1 Mil) and increased from Dec. 2023 (¥4.1 Mil) to Mar. 2024 (¥4.2 Mil).

Sunny Loan Top Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥2.2 Mil) to Dec. 2022 (¥6.8 Mil) but then declined from Dec. 2022 (¥6.8 Mil) to Dec. 2023 (¥4.1 Mil).

Sunny Loan Top Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sunny Loan Top 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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Sunny Loan Top Co Long-Term Capital Lease Obligation Chart

Sunny Loan Top Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.88

2.16

6.75

4.14

Sunny Loan Top 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															6.29	6.16	4.09	4.14	4.19

Sunny Loan Top Co (SHSE:600830) 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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Sunny Loan Top Co (SHSE:600830) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sunny Loan Top Co Ltd (SHSE:600830) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 48 Lane 130, Kaiming Street, Ningbo, Zhejiang, CHN, 315000

Website

http://www.sunnyloantop.cn

Sunny Loan Top Co Ltd is a China-based company engaged in the commodities distribution and pawn businesses, provision of guaranty and leasing services, entrusted loan services, as well as commercial trading and property development businesses.

Executives

Bao Zhan Wei	Supervisors
Shen Cheng De	senior management
Chen Zhi Hua	senior management
Lin Wei Qing	senior management
Liu Zheng Xian	Supervisors
Zhang Xiao Feng	senior management
Zheng Wei Xiong	Director
Chen Ji Lun	Director

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