Zoy Home Furnishing Co (SHSE:603709) Long-Term Capital Lease Obligation : ¥27 Mil (As of Mar. 2024)

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What is Zoy Home Furnishing Co Long-Term Capital Lease Obligation?

Zoy Home Furnishing Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥27 Mil.

Zoy Home Furnishing Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥21 Mil) to Dec. 2023 (¥44 Mil) but then declined from Dec. 2023 (¥44 Mil) to Mar. 2024 (¥27 Mil).

Zoy Home Furnishing Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥4 Mil) to Dec. 2022 (¥52 Mil) but then declined from Dec. 2022 (¥52 Mil) to Dec. 2023 (¥44 Mil).

Zoy Home Furnishing Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zoy Home Furnishing 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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Zoy Home Furnishing Co Long-Term Capital Lease Obligation Chart

Zoy Home Furnishing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.45

52.07

43.67

Zoy Home Furnishing 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															50.90	44.79	21.50	43.67	27.11

Zoy Home Furnishing Co (SHSE:603709) 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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Zoy Home Furnishing Co (SHSE:603709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zoy Home Furnishing Co Ltd (SHSE:603709) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Tangpu Industrial Park, Anji County, Zhejiang Province, Huzhou, CHN, 313300

Website

http://www.zoy-living.com

Zoy Home Furnishing Co Ltd manufactures and markets furniture. The Company designs, produces, and sells ordinary and ergonomic sofas, and other related products. The company's products mainly include functional sofas, fixed sofas and single lounge chairs and others, such as manual function sofa, electric function sofa, armrest push back sofas, elderly chairs, household and commercial sofas and household and commercial single leisure chairs.

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