Ningbo Xusheng Group Co (SHSE:603305) Long-Term Capital Lease Obligation : ¥2 Mil (As of Jun. 2024)

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What is Ningbo Xusheng Group Co Long-Term Capital Lease Obligation?

Ningbo Xusheng Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥2 Mil.

Ningbo Xusheng Group Co's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2023 (¥0 Mil) to Mar. 2024 (¥0 Mil) but then increased from Mar. 2024 (¥0 Mil) to Jun. 2024 (¥2 Mil).

Ningbo Xusheng Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ningbo Xusheng 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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Ningbo Xusheng Group Co Long-Term Capital Lease Obligation Chart

Ningbo Xusheng Group Co Annual Data

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Long-Term Capital Lease Obligation

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Ningbo Xusheng Group Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	1.54

Ningbo Xusheng Group Co (SHSE:603305) 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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Ningbo Xusheng Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Xusheng Group Co Ltd (SHSE:603305) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 68, Yanshan Hebei Road, Beilun District, Zhejiang, Ningbo, CHN, 315806

Website

http://www.nbxus.com

Ningbo Xusheng Group Co Ltd is engaged in the R&D, production and sales of precision aluminum alloy automotive parts and industrial aluminum alloy parts for thermoforming die-casting and forging. Its products are mainly used in new energy and traditional automotive industries and other machinery manufacturing industries.

Executives

Xu Xu Dong	Director
Ding Hai Ping	Supervisors

Ningbo Xusheng Group Co Headlines

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