Shenzhen Fountain (SZSE:000005) Long-Term Capital Lease Obligation : ¥4.2 Mil (As of Sep. 2023)

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What is Shenzhen Fountain Long-Term Capital Lease Obligation?

Shenzhen Fountain's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥4.2 Mil.

Shenzhen Fountain's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (¥2.8 Mil) to Jun. 2023 (¥1.8 Mil) but then increased from Jun. 2023 (¥1.8 Mil) to Sep. 2023 (¥4.2 Mil).

Shenzhen Fountain's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (¥7.0 Mil) to Dec. 2021 (¥9.0 Mil) but then declined from Dec. 2021 (¥9.0 Mil) to Dec. 2022 (¥3.3 Mil).

Shenzhen Fountain Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shenzhen Fountain'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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Shenzhen Fountain Long-Term Capital Lease Obligation Chart

Shenzhen Fountain Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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6.99

9.04

3.28

Shenzhen Fountain Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.10	3.28	2.80	1.84	4.16

Shenzhen Fountain (SZSE:000005) 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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Shenzhen Fountain (SZSE:000005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Fountain Corp (SZSE:000005) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Renmin South Road, Development Center Building, 13F, Shenzhen, Guangdong, CHN, 518001

Website

http://www.fountain.com.cn

Shenzhen Fountain Corp is an innovative company in the energy and environmental sector and is mainly engaged in carbon transformation efforts along its main businesses, which include sustainable real estate development, alternative transportation concepts and waste to carbon technologies.

Executives

Chen Kun Bai	Director
Liu Min Er	Supervisors
Zheng Lie Lie	Directors, executives
Song Xiao Gang	Director
Ren Sheng Jian	Director
Yong Zheng Feng	Supervisors
Chen Rong Quan	Director

Shenzhen Fountain (SZSE:000005) Headlines

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