Neway Valve (Suzhou) Co (SHSE:603699) Long-Term Capital Lease Obligation : ¥1 Mil (As of Mar. 2025)

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What is Neway Valve (Suzhou) Co Long-Term Capital Lease Obligation?

Neway Valve (Suzhou) Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥1 Mil.

Neway Valve (Suzhou) Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (¥2 Mil) to Dec. 2024 (¥2 Mil) and declined from Dec. 2024 (¥2 Mil) to Mar. 2025 (¥1 Mil).

Neway Valve (Suzhou) Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥4 Mil) to Dec. 2023 (¥3 Mil) and declined from Dec. 2023 (¥3 Mil) to Dec. 2024 (¥2 Mil).

Neway Valve (Suzhou) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Neway Valve (Suzhou) 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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Neway Valve (Suzhou) Co Long-Term Capital Lease Obligation Chart

Neway Valve (Suzhou) Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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4.04

6.39

4.17

2.55

1.59

Neway Valve (Suzhou) 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															2.15	1.88	1.72	1.59	1.35

Neway Valve (Suzhou) Co (SHSE:603699) 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.

Neway Valve (Suzhou) Co Long-Term Capital Lease Obligation Related Terms

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Neway Valve (Suzhou) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Neway Valve (Suzhou) Co Ltd (SHSE:603699) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.666 Taishan Road, New District, Suzhou, Jiangsu, CHN

Website

http://www.newayvalve.com

Neway Valve (Suzhou) Co Ltd is a manufacturer and exporter of industrial valves. Its main products include Gate valve, globe valve, check valve, Cast steel valves, API602 forged steel valves, API603 stainless steel valves, Cryogenic Valves, Bellows Valves, Floating ball - Steel. Geographically it operates through China, however its business presence is also seen internationally.

Executives

Chen Bin	Supervisors
Cheng Xue Lai	senior management
Li Na	senior management
Ling Lei Jing	senior management
Feng Yin Long	Directors, senior managers
Lu Jian Hong	senior management
Lu Liang Feng	Directors, senior managers
Wei Han Sen	senior management
Cheng Zhang Wen	Director
Deng Guo Chuan	Director
Yao Jiong	senior management
Xi Chao	Director
Lu Bin	Director
Wang Bao Qing	Director
Gao Kai Ke	senior management

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