Jiangsu Amer New Material Co (SZSE:002201) Long-Term Capital Lease Obligation : ¥9 Mil (As of Mar. 2024)

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What is Jiangsu Amer New Material Co Long-Term Capital Lease Obligation?

Jiangsu Amer New Material Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9 Mil.

Jiangsu Amer New Material Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥11 Mil) to Dec. 2023 (¥10 Mil) and declined from Dec. 2023 (¥10 Mil) to Mar. 2024 (¥9 Mil).

Jiangsu Amer New Material Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥15 Mil) to Dec. 2022 (¥13 Mil) and declined from Dec. 2022 (¥13 Mil) to Dec. 2023 (¥10 Mil).

Jiangsu Amer New Material Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiangsu Amer New Material 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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Jiangsu Amer New Material Co Long-Term Capital Lease Obligation Chart

Jiangsu Amer New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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15.73

14.74

13.19

9.96

Jiangsu Amer New Material 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															12.14	11.26	10.60	9.96	9.44

Jiangsu Amer New Material Co (SZSE:002201) 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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Jiangsu Amer New Material Co (SZSE:002201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Amer New Material Co Ltd (SZSE:002201) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Zhongshan Road, Rugao, Jiangsu, CHN, 226500

Website

http://www.cjdg.com

Jiangsu Amer New Material Co Ltd is a manufacturing enterprise for advanced fiberglass textiles in China. It specializes in production and sales of glass fiber yarn, fabrics building materials, decoration materials and other textile glass fiber products and fiberglass reinforced plastic products. The company exported its products to more than 50 countries and regions, including North America, Europe, Southeast Asia, Japan and South Korea.

Executives

Hu Lin	Executives
Jiang Yong Jian	Supervisors
Ren Zheng Yong	Directors, Directors, and Executives
Gu Rou Jian	Directors, executives
Gu Qing Bo	Directors, executives
Xu Rong	Director
Feng Yong Zhao	Director
Jiang Gu	Supervisors
Liu Ding Sheng	Executives
Feng Jian Bing	Executives
Zhu Qian Xin	Supervisors
Ge Hai	Director
Wu Ping	Director

Jiangsu Amer New Material Co (SZSE:002201) Headlines

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