Sk Shu Paint Co (SHSE:603737) Long-Term Capital Lease Obligation : ¥29 Mil (As of Mar. 2024)

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What is Sk Shu Paint Co Long-Term Capital Lease Obligation?

Sk Shu Paint Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥29 Mil.

Sk Shu Paint Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥22 Mil) to Dec. 2023 (¥23 Mil) and increased from Dec. 2023 (¥23 Mil) to Mar. 2024 (¥29 Mil).

Sk Shu Paint Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥47 Mil) to Dec. 2022 (¥43 Mil) and declined from Dec. 2022 (¥43 Mil) to Dec. 2023 (¥23 Mil).

Sk Shu Paint Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sk Shu Paint 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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Sk Shu Paint Co Long-Term Capital Lease Obligation Chart

Sk Shu Paint Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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31.96

47.30

42.96

22.95

Sk Shu Paint 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															49.93	30.16	21.51	22.95	28.62

Sk Shu Paint Co (SHSE:603737) 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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Sk Shu Paint Co (SHSE:603737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sk Shu Paint Co Ltd (SHSE:603737) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 518 LIyuan North Road, Licheng District, Fujian Province, Putian City, CHN, 351100

Website

http://www.skshu.com.cn

Sk Shu Paint Co Ltd operates in the business of paint products. It offers decorative paints, such as interior paints; architectural coatings, including floor paints, granite paints, stone covers, texture paints, and rock chip paints; wood paints comprising ultraviolet, PU, and NC paints; and auxiliary materials consisting of adhesives, waterproof paints, and putty.

Executives

Zhao Fu Wei	Supervisors
Mi Li	Directors, senior managers
Peng Yong Sen	Supervisors
Hong Jie	Directors, senior managers
Lin De Dian	senior management
Zhu Qi Feng	Directors, senior managers
Lin Li Zhong	Director
Cai Wei Ting	Supervisors
Huang Sheng Lin	senior management
Fang Guo Qin	Directors, senior managers
Chen Chao Yang	Supervisors

Sk Shu Paint Co (SHSE:603737) Headlines

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