Lao Feng Xiang Co (SHSE:900905) Long-Term Capital Lease Obligation : $36 Mil (As of Sep. 2024)

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What is Lao Feng Xiang Co Long-Term Capital Lease Obligation?

Lao Feng Xiang Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $36 Mil.

Lao Feng Xiang Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($32 Mil) to Jun. 2024 ($30 Mil) but then increased from Jun. 2024 ($30 Mil) to Sep. 2024 ($36 Mil).

Lao Feng Xiang Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($56 Mil) to Dec. 2022 ($44 Mil) and declined from Dec. 2022 ($44 Mil) to Dec. 2023 ($35 Mil).

Lao Feng Xiang Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lao Feng Xiang 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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Lao Feng Xiang Co Long-Term Capital Lease Obligation Chart

Lao Feng Xiang Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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53.85

56.23

43.93

34.69

Lao Feng Xiang Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															35.60	34.69	32.28	29.55	36.23

Lao Feng Xiang Co (SHSE:900905) 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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Lao Feng Xiang Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lao Feng Xiang Co Ltd (SHSE:900905) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

600612:China

Address

No. 270, Luxi Road, 6th Floor, Building 1, Xuhui District, Shanghai, CHN, 200235

Website

http://www.laofengxiang.com

Lao Feng Xiang Co Ltd is engaged in the manufacture and sale of gold jewelry. It is also engaged in the manufacture and distribution of gold arts and crafts, and other related products.

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