Jiangxi Hungpai New Material Co (SHSE:605366) Long-Term Capital Lease Obligation : ¥4 Mil (As of Mar. 2024)

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What is Jiangxi Hungpai New Material Co Long-Term Capital Lease Obligation?

Jiangxi Hungpai New Material Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4 Mil.

Jiangxi Hungpai New Material Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥3 Mil) to Dec. 2023 (¥4 Mil) but then declined from Dec. 2023 (¥4 Mil) to Mar. 2024 (¥4 Mil).

Jiangxi Hungpai New Material Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥2 Mil) to Dec. 2022 (¥3 Mil) and increased from Dec. 2022 (¥3 Mil) to Dec. 2023 (¥4 Mil).

Jiangxi Hungpai New Material Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiangxi Hungpai New Material 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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Jiangxi Hungpai New Material Co Long-Term Capital Lease Obligation Chart

Jiangxi Hungpai New Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.46

2.09

2.96

4.32

Jiangxi Hungpai New Material 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															2.73	2.67	2.71	4.32	4.23

Jiangxi Hungpai New Material Co (SHSE:605366) 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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Jiangxi Hungpai New Material Co (SHSE:605366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangxi Hungpai New Material Co Ltd (SHSE:605366) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Industrial 9th ??Road, Tashan Industrial Park, Jiangxi Province, Leping, CHN, 333332

Website

http://www.hungpai.net

Jiangxi Hungpai New Material Co Ltd is engaged in research and development, production and sales of new silicon-based materials such as functional silanes, nano-silicon materials and other chemical additives. The company's products include Silane Coupling Agent, Anti-Reversion Agent, Antioxidant Agent, Manufacturing Additive Agent, Prevent Blooming Agent, Raw Chemical Material, Silicone Products Series, Fumed Silica, Anti-Adherent Agent, and Silane coupling agent series.

Executives

Lin Qing Song	Director
Ji Jin Shu	Director
Zhang Jie	senior management
Song Jian Kun	Supervisors
Hu Cheng Fa	senior management
Lang Feng Ping	Directors, senior managers
Li Ming Zai	senior management
Chen Jie	senior management
Wu Hua	Director

Jiangxi Hungpai New Material Co (SHSE:605366) Headlines

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