Xinxiang Chemical Fibre Co (SZSE:000949) Long-Term Capital Lease Obligation : ¥3 Mil (As of Mar. 2024)

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What is Xinxiang Chemical Fibre Co Long-Term Capital Lease Obligation?

Xinxiang Chemical Fibre Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil.

Xinxiang Chemical Fibre Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥5 Mil) to Dec. 2023 (¥3 Mil) and declined from Dec. 2023 (¥3 Mil) to Mar. 2024 (¥3 Mil).

Xinxiang Chemical Fibre Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥1 Mil) to Dec. 2022 (¥10 Mil) but then declined from Dec. 2022 (¥10 Mil) to Dec. 2023 (¥3 Mil).

Xinxiang Chemical Fibre Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xinxiang Chemical Fibre 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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Xinxiang Chemical Fibre Co Long-Term Capital Lease Obligation Chart

Xinxiang Chemical Fibre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.98

0.79

9.73

3.40

Xinxiang Chemical Fibre 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															8.19	6.55	4.98	3.40	2.97

Xinxiang Chemical Fibre Co (SZSE:000949) 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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Xinxiang Chemical Fibre Co (SZSE:000949) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinxiang Chemical Fibre Co Ltd (SZSE:000949) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

South side of Xinchang Road, Economic and Technological Development Zone, Henan, Xinxiang, CHN, 453006

Website

http://www.bailu.com

Xinxiang Chemical Fibre Co Ltd specializes in producing chemical fiber textile raw materials in China. Their main products are centrifugal viscose rayon filament yarn, continuous viscose rayon filament yarn, viscose staple fiber, and polyester. The company's products are not only sold in the Chinese market but also exported to more than 30 countries and regions such as Germany, Italy, Japan, South Korea and India.

Executives

Zhu Xue Xin	Supervisors
Chen Xi An	Executives
Lu Wei	Executives
Zhang Jia Qi	Directors, executives
Wang Wen Xin	Director
Shao Zhang Jin	Director
Ji Yu Dong	Directors, executives
Feng Li Ping	Executives
Yue Sheng Li	Director
Zhou Xue Li	Executives
Song De Shun	Executives
Cao Jun You	Executives
Xiao Shu Bin	Director
Zhou Jian Hua	Supervisors
Jia Bao Liang	Directors, executives

Xinxiang Chemical Fibre Co (SZSE:000949) Headlines

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