NanJi E-Commerce Co (SZSE:002127) Long-Term Capital Lease Obligation : ¥23 Mil (As of Mar. 2024)

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What is NanJi E-Commerce Co Long-Term Capital Lease Obligation?

NanJi E-Commerce Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥23 Mil.

NanJi E-Commerce Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥18 Mil) to Dec. 2023 (¥27 Mil) but then declined from Dec. 2023 (¥27 Mil) to Mar. 2024 (¥23 Mil).

NanJi E-Commerce Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥51 Mil) to Dec. 2022 (¥31 Mil) and declined from Dec. 2022 (¥31 Mil) to Dec. 2023 (¥27 Mil).

NanJi E-Commerce Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for NanJi E-Commerce 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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NanJi E-Commerce Co Long-Term Capital Lease Obligation Chart

NanJi E-Commerce Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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61.13

51.40

31.33

26.72

NanJi E-Commerce 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															24.00	20.31	18.16	26.72	22.65

NanJi E-Commerce Co (SZSE:002127) 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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NanJi E-Commerce Co (SZSE:002127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NanJi E-Commerce Co Ltd (SZSE:002127) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.99 Jiangwancheng Road, 7th Floor - 10th Floor, Building 3, The Springs Center, Yangpu District, Shanghai, CHN, 200438

Website

http://www.nanjids.com

NanJi E-Commerce Co Ltd is a marketing and advertising company. Its main business is brand integrated services, dealer brand authorization services, mobile Internet marketing business, and other businesses. It is also engaged in the e-commerce channels to build consumer goods giant with brand authorization and industry chain service. Its categories include bedding, menswear, womenswear, childrenswear, maternal and infant, healthy life, etc. The company operates in two segments that are NJBU business and NJBU business and Timelink business. The majority of the revenue is generated from the Timelink business which is engaged in the Internet advertising business. All of its revenue is generated from China.

Executives

Hu Xiang Huai	Supervisors
Liu Rui	Director
Lu Li Ning	Supervisors
Zhang Yu Xiang	Directors, executives
Sun Xiao Hua	Director
Jiang Xue Ming	Director
Liu Wei Te	Director
Ren Jun	Executives
Li Ke Jia	Directors, executives
Yao Xiao Min	Director

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