Shenzhou International Group Holdings (Shenzhou International Group Holdings) Long-Term Capital Lease Obligation : $16 Mil (As of Dec. 2023)

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What is Shenzhou International Group Holdings Long-Term Capital Lease Obligation?

Shenzhou International Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $16 Mil.

Shenzhou International Group Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($12 Mil) to Jun. 2023 ($19 Mil) but then declined from Jun. 2023 ($19 Mil) to Dec. 2023 ($16 Mil).

Shenzhou International Group Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($17 Mil) to Dec. 2022 ($12 Mil) but then increased from Dec. 2022 ($12 Mil) to Dec. 2023 ($16 Mil).

Shenzhou International Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shenzhou International Group Holdings'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.

Shenzhou International Group Holdings Long-Term Capital Lease Obligation Chart

Shenzhou International Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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17.57

15.89

16.78

12.49

15.51

Shenzhou International Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															16.78	14.69	12.49	18.98	15.51

Shenzhou International Group Holdings (OTCPK:SHZHY) 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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Shenzhou International Group Holdings (Shenzhou International Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shenzhou International Group Holdings Ltd (OTCPK:SHZHY) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

SZHIF:USA 02313:Hong Kong S6L:Germany

Address

18 Yongjiang Road, Ningbo Economic and Technical Development Zone, Zhejiang Province, Ningbo, CHN

Website

http://www.shenzhouintl.com

Shenzhou is the largest vertically integrated knitwear manufacturer in the world. The group mainly produces sportswear (74% of 2021 revenue), casual wear (20% of 2021 revenue), and lingerie (4% of 2021 revenue) for international clients such as Nike, Adidas, Puma, and Uniqlo. Mainland China is the company's largest market, accounting for 32% of sales in 2021. This is followed by Europe, the U.S. and Japan. Shenzhou currently operates manufacturing plants in China, Cambodia, and Vietnam.

Shenzhou International Group Holdings (Shenzhou International Group Holdings) Headlines

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