Nanchang Mineral Systems Co (SZSE:001360) Long-Term Capital Lease Obligation : ¥5.9 Mil (As of Mar. 2025)

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What is Nanchang Mineral Systems Co Long-Term Capital Lease Obligation?

Nanchang Mineral Systems Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥5.9 Mil.

Nanchang Mineral Systems Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥2.2 Mil) to Dec. 2024 (¥6.5 Mil) but then declined from Dec. 2024 (¥6.5 Mil) to Mar. 2025 (¥5.9 Mil).

Nanchang Mineral Systems Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (¥0.4 Mil) to Dec. 2023 (¥0.5 Mil) and increased from Dec. 2023 (¥0.5 Mil) to Dec. 2024 (¥6.5 Mil).

Nanchang Mineral Systems Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nanchang Mineral Systems 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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Nanchang Mineral Systems Co Long-Term Capital Lease Obligation Chart

Nanchang Mineral Systems Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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1.17

1.68

0.44

0.51

6.53

Nanchang Mineral Systems Co Quarterly Data
	Dec19	Dec20	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											0.44	0.34	2.20	6.53	5.92

Nanchang Mineral Systems Co (SZSE:001360) 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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Nanchang Mineral Systems Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Nanchang Mineral Systems Co Ltd (SZSE:001360) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

No. 300 Hongwan Avenue, Wanli District, Jiangxi Province, Nanchang, CHN, 330004

Website

https://www.nmsystems.cn

Nanchang Mineral Systems Co Ltd is engaged in the research and development, design, production, sales and aftermarket services of crushing and screening equipment related to sand and gravel aggregates and metal mines.

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