Elegant Home-tech Co (SHSE:603221) Long-Term Capital Lease Obligation : ¥77 Mil (As of Mar. 2024)

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What is Elegant Home-tech Co Long-Term Capital Lease Obligation?

Elegant Home-tech Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥77 Mil.

Elegant Home-tech Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥82 Mil) to Dec. 2023 (¥79 Mil) and declined from Dec. 2023 (¥79 Mil) to Mar. 2024 (¥77 Mil).

Elegant Home-tech Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥1 Mil) to Dec. 2022 (¥85 Mil) but then declined from Dec. 2022 (¥85 Mil) to Dec. 2023 (¥79 Mil).

Elegant Home-tech Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Elegant Home-tech 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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Elegant Home-tech Co Long-Term Capital Lease Obligation Chart

Elegant Home-tech Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.92

85.32

79.13

Elegant Home-tech 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															82.33	84.65	81.74	79.13	77.22

Elegant Home-tech Co (SHSE:603221) 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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Elegant Home-tech Co (SHSE:603221) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Elegant Home-tech Co Ltd (SHSE:603221) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Hexing Street,Jinfeng Town, Jiangsu, Zhangjiagang, CHN, 215616

Website

http://www.eletile.com

Elegant Home-tech Co Ltd formerly known as Zhangjiagang Elegant Home-Tech Co Ltd is a manufacturer of Vinyl Floor Tiles in China. The company has both residential and commercial collections with more than 1,000 patterns for customer characterized by the look and feel of natural wood, stone, ceramic & carpet. Its products range includes Vinyl planks in wooden designs, Vinyl planks In-registered, Vinyl tiles in stone, marble, granite designs, Vinyl tiles in Carpet design, and Anti slip & Solid color Vinyl tiles.

Executives

Yang Wen Hai

Supervisors

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