Zhejiang Int'l Group Co (SZSE:000411) Long-Term Capital Lease Obligation : ¥212 Mil (As of Mar. 2024)

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What is Zhejiang Int'l Group Co Long-Term Capital Lease Obligation?

Zhejiang Int'l Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥212 Mil.

Zhejiang Int'l Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥147 Mil) to Dec. 2023 (¥150 Mil) and increased from Dec. 2023 (¥150 Mil) to Mar. 2024 (¥212 Mil).

Zhejiang Int'l Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥69 Mil) to Dec. 2022 (¥35 Mil) but then increased from Dec. 2022 (¥35 Mil) to Dec. 2023 (¥150 Mil).

Zhejiang Int'l Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Int'l 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.

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Zhejiang Int'l Group Co Long-Term Capital Lease Obligation Chart

Zhejiang Int'l Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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77.37

69.03

35.32

150.26

Zhejiang Int'l Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															41.74	93.86	147.03	150.26	211.86

Zhejiang Int'l Group Co (SZSE:000411) 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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Zhejiang Int'l Group Co (SZSE:000411) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Int'l Group Co Ltd (SZSE:000411) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jiangnan Lane, Dongxin Road, Building 3, Xiacheng District, Zhejiang Province, Hangzhou, CHN

Website

http://www.intmedic.com

Zhejiang Int'l Group Co Ltd is a China-based company operating in three major businesses: drugs, traditional Chinese medicine, and biological equipment.

Executives

Luo Guo Liang	Executives
Zhang Yi Ming	Executives
Zhao Pei Hong	Executives
Wang Jiang Wei	Executives
Ying Xu Jie	Executives
Bao Zhi Hu	Directors, executives
Wu Min Ying	Supervisors
Jiang Ju Fang	Directors, executives
Zhang Bao Hong	Director
Wu Xiu Dong	Executives
Qian Yong Lin	Director
Zheng Yu Ming	Director

Zhejiang Int'l Group Co (SZSE:000411) Headlines

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