Zhejiang Yingfeng Technology Co (SHSE:605055) Long-Term Capital Lease Obligation : ¥3 Mil (As of Mar. 2024)

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What is Zhejiang Yingfeng Technology Co Long-Term Capital Lease Obligation?

Zhejiang Yingfeng Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil.

Zhejiang Yingfeng Technology Co's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2023 (¥0 Mil) to Dec. 2023 (¥0 Mil) but then increased from Dec. 2023 (¥0 Mil) to Mar. 2024 (¥3 Mil).

Zhejiang Yingfeng Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥8 Mil) to Dec. 2022 (¥0 Mil) but then stayed the same from Dec. 2022 (¥0 Mil) to Dec. 2023 (¥0 Mil).

Zhejiang Yingfeng Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Yingfeng Technology 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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Zhejiang Yingfeng Technology Co Long-Term Capital Lease Obligation Chart

Zhejiang Yingfeng Technology Co Annual Data

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Long-Term Capital Lease Obligation

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8.25

Zhejiang Yingfeng Technology 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															-	-	-	-	3.49

Zhejiang Yingfeng Technology Co (SHSE:605055) 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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Zhejiang Yingfeng Technology Co (SHSE:605055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Yingfeng Technology Co Ltd (SHSE:605055) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 4888, Xingbin Road, Binhai Industrial Zone, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312000

Website

http://www.zj-yfkj.com

Zhejiang Yingfeng Technology Co Ltd specializes in textile printing and dyeing processing business. It mainly includes two series of knitted fabric printing and dyeing and woven fabric printing and dyeing. The main processes include pretreatment, dyeing, and finishing. Textile fabrics after printing and dyeing are widely used in the fields of casual clothing, sportswear and business formal wear.

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