Nanfang Black Sesame Group Co (SZSE:000716) Long-Term Capital Lease Obligation : ¥1 Mil (As of Mar. 2024)

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What is Nanfang Black Sesame Group Co Long-Term Capital Lease Obligation?

Nanfang Black Sesame Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil.

Nanfang Black Sesame Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥2 Mil) to Dec. 2023 (¥2 Mil) but then declined from Dec. 2023 (¥2 Mil) to Mar. 2024 (¥1 Mil).

Nanfang Black Sesame Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥5 Mil) to Dec. 2022 (¥5 Mil) but then declined from Dec. 2022 (¥5 Mil) to Dec. 2023 (¥2 Mil).

Nanfang Black Sesame Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nanfang Black Sesame 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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Nanfang Black Sesame Group Co Long-Term Capital Lease Obligation Chart

Nanfang Black Sesame Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.37

5.11

5.38

2.08

Nanfang Black Sesame 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															4.42	1.42	1.71	2.08	1.43

Nanfang Black Sesame Group Co (SZSE:000716) 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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Nanfang Black Sesame Group Co (SZSE:000716) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nanfang Black Sesame Group Co Ltd (SZSE:000716) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Southern Food Road Building 36, Guangxi, CHN, 530022

Website

http://www.nanfangfood.com

Nanfang Black Sesame Group Co Ltd manufactures and sells packaged food products like black sesame paste, low sugar black sesame paste, peanut black sesame paste, milk flavored cup with black sesame paste, Black and black light fat drinks, black sesame plant selenium tablets, alcohol prebiotic black sesame paste (oat flavor), sebao oatmeal (Barrel), natural selenium-enriched rice, corn paste, and others.

Executives

Lu Zhen You	Executives
Zhou Miao Huai	Securities Affairs Representative
Zhang Zhi Hao	Independent director
Long Nai Jian	Directors, Directors, and Executives
Tan Dan Wu	Executives
Li Wen Jie	Director
Hu Po	Executives
Wei Qing Wen	Directors, executives
Chen De Kun	Director
Zhou Jue	Supervisors
Chen Fu Sheng	Director

Nanfang Black Sesame Group Co (SZSE:000716) Headlines

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