Sokan New Materials Group Co (SHSE:688157) Long-Term Capital Lease Obligation : ¥10.1 Mil (As of Mar. 2025)

View and export this data going back to 2020. Start your Free Trial

What is Sokan New Materials Group Co Long-Term Capital Lease Obligation?

Sokan New Materials Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥10.1 Mil.

Sokan New Materials Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (¥12.7 Mil) to Dec. 2024 (¥10.1 Mil) but then increased from Dec. 2024 (¥10.1 Mil) to Mar. 2025 (¥10.1 Mil).

Sokan New Materials Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥14.3 Mil) to Dec. 2023 (¥12.6 Mil) and declined from Dec. 2023 (¥12.6 Mil) to Dec. 2024 (¥10.1 Mil).

Sokan New Materials Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sokan New Materials Group 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.

* Premium members only.

Sokan New Materials Group Co Long-Term Capital Lease Obligation Chart

Sokan New Materials Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

1.88

5.38

14.32

12.63

10.08

Sokan New Materials Group 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															11.73	13.61	12.73	10.08	10.10

Sokan New Materials Group Co (SHSE:688157) 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.

Sokan New Materials Group Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Sokan New Materials Group Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Sokan New Materials Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sokan New Materials Group Co Ltd (SHSE:688157) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.777, Sanhuan North Road, Ningxiang Economic and Technological Development Zone, Hunan Province, Ningxiang, CHN, 410600

Website

http://www.sokan.com.cn

Sokan New Materials Group Co Ltd is engaged in the production and sales of new functional coating materials such as paints and special inks. It provides services to market segments such as mobile phones and related accessories, notebook computers and related accessories, wearable devices, and smart home appliances, passenger cars.

Executives

	Director
Wang Wei Guo	Directors, senior managers
Yang Bo	Director
Wu Song	Director
Li Ping	Core technical personnel
Zhang Ying Qiang	senior management
Mou Pei Kai	Director
Xu Rui Hong	Supervisors
Tang Xiao Qin	Supervisors
Li Yu Liang	Core technical personnel
Wu Jun Yun	senior management

Sokan New Materials Group Co Headlines

No Headlines