Hongda High-Tech Holding Co (SZSE:002144) Long-Term Capital Lease Obligation : ¥4.0 Mil (As of Mar. 2025)

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What is Hongda High-Tech Holding Co Long-Term Capital Lease Obligation?

Hongda High-Tech Holding Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥4.0 Mil.

Hongda High-Tech Holding Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥3.7 Mil) to Dec. 2024 (¥4.1 Mil) but then declined from Dec. 2024 (¥4.1 Mil) to Mar. 2025 (¥4.0 Mil).

Hongda High-Tech Holding Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (¥0.2 Mil) to Dec. 2023 (¥0.2 Mil) and increased from Dec. 2023 (¥0.2 Mil) to Dec. 2024 (¥4.1 Mil).

Hongda High-Tech Holding Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hongda High-Tech Holding 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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Hongda High-Tech Holding Co Long-Term Capital Lease Obligation Chart

Hongda High-Tech Holding Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.19

0.57

0.17

0.19

4.13

Hongda High-Tech Holding 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															0.08	0.13	3.67	4.13	4.02

Hongda High-Tech Holding Co (SZSE:002144) 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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Hongda High-Tech Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hongda High-Tech Holding Co Ltd (SZSE:002144) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 118 Jianshe Road, Xucun Town, Zhejiang, Haining, CHN, 314409

Website

http://www.zjhongda.com.cn

Hongda High-Tech Holding Co Ltd operates in the knitting industry. The products of the company include the home textile fabric series, automotive interior fabric series, underwear, swimsuit elastic fabric, sports and leisure fabric series, and wilder medical devices.

Executives

Shen Guo Fu	Director
Lu Wei Min	Supervisors
Li Hong	Director
Gu Wei Feng	Executives
Ma Yue Juan	Directors, executives
Hu Lang Qiu	Director
Xu Jian Zhou	Executives
Mao Zhi Lin	Director
Zhang Jian Fu	Supervisors
Chen Wei Rong	Supervisors
Jin Min Juan	Director

Hongda High-Tech Holding Co Headlines

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