Zhewen Pictures Group Co (SHSE:601599) Long-Term Capital Lease Obligation : ¥10 Mil (As of Mar. 2024)

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What is Zhewen Pictures Group Co Long-Term Capital Lease Obligation?

Zhewen Pictures Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10 Mil.

Zhewen Pictures Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥4 Mil) to Dec. 2023 (¥10 Mil) and increased from Dec. 2023 (¥10 Mil) to Mar. 2024 (¥10 Mil).

Zhewen Pictures Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥55 Mil) to Dec. 2022 (¥34 Mil) and declined from Dec. 2022 (¥34 Mil) to Dec. 2023 (¥10 Mil).

Zhewen Pictures Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhewen Pictures Group 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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Zhewen Pictures Group Co Long-Term Capital Lease Obligation Chart

Zhewen Pictures Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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10.17

54.71

33.89

10.32

Zhewen Pictures Group 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															33.05	32.68	4.23	10.32	10.46

Zhewen Pictures Group Co (SHSE:601599) 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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Zhewen Pictures Group Co (SHSE:601599) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhewen Pictures Group Co Ltd (SHSE:601599) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Luyuan Industrial Zone, Tangqiao Town, Zhangjiagang, Suzhou, CHN, 215600

Website

http://www.lugangwool.com

Zhewen Pictures Group Co Ltd, formerly Jiangsu Lugang Culture Co Ltd is a China-based company that engages in the manufacture and distribution of knitted woolen yarns. The company provides worsted yarns, semi-worsted yarns, and worsted woolen fabrics. Its products are applied in the manufacture of shirts, suits, and others.

Executives

Qiu Yu	Director
Qian Zhong Wei	Director
Lu Mei Hua	senior management
Mou Jin Yi	Director
Yuan Ai Guo	senior management
Gao Hui Zhong	Supervisors
Hou Wen Bin	senior management
Xu Qun	Director
Zou Guo Dong	senior management
Ni Zhi Gang	senior management
Qian Wen Long	Director
Huang Hai Feng	Supervisors
Qian Ping	Supervisors
Huang Chun Hong	Director
Ni Xue Feng	senior management

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