Qingdao Richen Food Co (SHSE:603755) Long-Term Capital Lease Obligation : ¥13.9 Mil (As of Mar. 2025)

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What is Qingdao Richen Food Co Long-Term Capital Lease Obligation?

Qingdao Richen Food Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥13.9 Mil.

Qingdao Richen Food Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥1.9 Mil) to Dec. 2024 (¥2.0 Mil) and increased from Dec. 2024 (¥2.0 Mil) to Mar. 2025 (¥13.9 Mil).

Qingdao Richen Food Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (¥0.1 Mil) to Dec. 2023 (¥2.2 Mil) but then declined from Dec. 2023 (¥2.2 Mil) to Dec. 2024 (¥2.0 Mil).

Qingdao Richen Food Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Qingdao Richen Food 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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Qingdao Richen Food Co Long-Term Capital Lease Obligation Chart

Qingdao Richen Food Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.09

0.07

2.17

1.99

Qingdao Richen Food 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															2.16	2.23	1.94	1.99	13.95

Qingdao Richen Food Co (SHSE:603755) 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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Qingdao Richen Food Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Qingdao Richen Food Co Ltd (SHSE:603755) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Number 20, Longshan Road, Qingdao Environmental Protection Industrial Park, Jimo District, Shandong Province, Qingdao, CHN, 266200

Website

http://www.richen-qd.cn

Qingdao Richen Food Co Ltd produces seasonings, sauces, and other products. The group exports the products mainly to Asia, Europe and America. The products are widely used in various types of barbecue, fried food and prepared food production.

Executives

Zhang Hua Jun	Directors, senior managers
Sui Xi Dang	Supervisors
Cui Bao Jun	Directors, senior managers
Chen Ying	Directors, senior managers
Qu Hong Liang	Director

Qingdao Richen Food Co Headlines

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