Sichuan Meifeng Chemical Industry Co (SZSE:000731) Long-Term Capital Lease Obligation : ¥2 Mil (As of Mar. 2024)

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What is Sichuan Meifeng Chemical Industry Co Long-Term Capital Lease Obligation?

Sichuan Meifeng Chemical Industry Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2 Mil.

Sichuan Meifeng Chemical Industry Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥1 Mil) to Dec. 2023 (¥2 Mil) and increased from Dec. 2023 (¥2 Mil) to Mar. 2024 (¥2 Mil).

Sichuan Meifeng Chemical Industry Co's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (¥0 Mil) to Dec. 2022 (¥0 Mil) but then increased from Dec. 2022 (¥0 Mil) to Dec. 2023 (¥2 Mil).

Sichuan Meifeng Chemical Industry Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sichuan Meifeng Chemical Industry 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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Sichuan Meifeng Chemical Industry Co Long-Term Capital Lease Obligation Chart

Sichuan Meifeng Chemical Industry Co Annual Data

Trend

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Long-Term Capital Lease Obligation

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2.03

Sichuan Meifeng Chemical Industry 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															-	-	1.12	2.03	2.12

Sichuan Meifeng Chemical Industry Co (SZSE:000731) 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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Sichuan Meifeng Chemical Industry Co (SZSE:000731) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sichuan Meifeng Chemical Industry Co Ltd (SZSE:000731) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10, Section 1, Yuhua South Road, Sichuan Province, Deyang, CHN

Website

http://www.scmeif.com

Sichuan Meifeng Chemical Industry Co Ltd is a China-based chemical production enterprise. The chemical products offered by the company are urea, compound fertilizer, melamine, diesel exhaust gas treatment, nitric acid, ammonium nitrate, plastic-woven products and heavy-duty film packaging bags. Geographically operates through China.

Executives

Liu Zhi Gang	Supervisors
Chen Rong Jiang	Supervisors
Zhang Xiao Bin	Director
Deng Da Lin	Director
Liao Zhi Jun	Supervisors
Cai Xing Fu	Executives
Mao Kai Gui	Supervisors
Fu Yong	Director
Dong Wen De	Supervisors
Chen Ping	Directors, executives
Min Long Gang	Director
Ding Wen Yi	Supervisors
Liao Yong Fang	Supervisors
Yang Jiu Yi	Supervisors

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