SZHIF (Shenzhou International Group Holdings) Long-Term Capital Lease Obligation : $9 Mil (As of Dec. 2024)

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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. 2024 was $9 Mil.

Shenzhou International Group Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 ($16 Mil) to Jun. 2024 ($12 Mil) and declined from Jun. 2024 ($12 Mil) to Dec. 2024 ($9 Mil).

Shenzhou International Group Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2022 ($12 Mil) to Dec. 2023 ($16 Mil) but then declined from Dec. 2023 ($16 Mil) to Dec. 2024 ($9 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

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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15.89

16.78

12.49

15.51

9.16

Shenzhou International Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															12.49	18.98	15.51	12.32	9.16

Shenzhou International Group Holdings (OTCPK:SZHIF) 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.

Shenzhou International Group Holdings Long-Term Capital Lease Obligation Related Terms

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Shenzhou International Group Holdings Business Description

Industry

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

Traded in Other Exchanges

02313:Hong Kong S6L:Germany S6L:Germany

Address

No. 8 Cheung Yue Street, Unit 2708, 27th Floor, Billion Plaza, Kowloon, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

http://www.shenzhouintl.com

Shenzhou is the largest vertically integrated knitwear manufacturer in the world. The group mainly produces sportswear (75% of 2022 revenue), casual wear (21% of revenue), and lingerie (3% of revenue) for international clients such as Nike, Adidas, Puma, and Uniqlo. Mainland China is its largest market, accounting for 26% of sales in 2022. This is followed by Europe, US, and Japan. Shenzhou currently operates manufacturing plants in China, Cambodia, and Vietnam.

Shenzhou International Group Holdings Headlines

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