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Chengzhi Co (SZSE:000990) Long-Term Capital Lease Obligation : ¥432 Mil (As of Mar. 2025)


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What is Chengzhi Co Long-Term Capital Lease Obligation?

Chengzhi Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥432 Mil.

Chengzhi Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥451 Mil) to Dec. 2024 (¥463 Mil) but then declined from Dec. 2024 (¥463 Mil) to Mar. 2025 (¥432 Mil).

Chengzhi Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (¥7 Mil) to Dec. 2023 (¥469 Mil) but then declined from Dec. 2023 (¥469 Mil) to Dec. 2024 (¥463 Mil).


Chengzhi Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chengzhi 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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Chengzhi Co Long-Term Capital Lease Obligation Chart

Chengzhi Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 7.16 469.48 462.66

Chengzhi Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 465.69 447.12 451.35 462.66 431.80

Chengzhi Co  (SZSE:000990) 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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Chengzhi Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
TusPark (Jiangxi), Huajiang Building, 9th Floor, Economic and Technological Development Zone, Jiangxi Province, Nanchang, CHN, 330013
Chengzhi Co Ltd, formerly Chengzhi Shareholding Co Ltd is a China-based company engaged in the businesses of clean energy, functional materials and medical care and health.
Executives
Yu Hong Lei Executives
Qin Bao Jian Executives
Lv Ben Fu Independent director
Gao Jian Tao Executives
Xu Dong Executives
Peng Qian Executives
He Qin Supervisors

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