Suzhou Hailu Heavy Industry Co (SZSE:002255) Long-Term Capital Lease Obligation : ¥37 Mil (As of Jun. 2024)

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What is Suzhou Hailu Heavy Industry Co Long-Term Capital Lease Obligation?

Suzhou Hailu Heavy Industry Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥37 Mil.

Suzhou Hailu Heavy Industry Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (¥38 Mil) to Mar. 2024 (¥39 Mil) but then declined from Mar. 2024 (¥39 Mil) to Jun. 2024 (¥37 Mil).

Suzhou Hailu Heavy Industry Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥41 Mil) to Dec. 2022 (¥39 Mil) and declined from Dec. 2022 (¥39 Mil) to Dec. 2023 (¥38 Mil).

Suzhou Hailu Heavy Industry Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Suzhou Hailu Heavy Industry 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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Suzhou Hailu Heavy Industry Co Long-Term Capital Lease Obligation Chart

Suzhou Hailu Heavy Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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42.37

40.56

38.85

37.82

Suzhou Hailu Heavy Industry Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															41.64	39.65	37.82	38.89	36.84

Suzhou Hailu Heavy Industry Co (SZSE:002255) 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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Suzhou Hailu Heavy Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Hailu Heavy Industry Co Ltd (SZSE:002255) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Renmin West Road, Yangshe Town, Zhangjiagang, Jiangsu, CHN, 215600

Website

http://www.hailu-boiler.cn

Suzhou Hailu Heavy Industry Co Ltd is engaged in the manufacturing of energy saving and environmental protection equipment. The products of the company include boiler products, large pressure vessels, nuclear power equipment, low temperature and environmental protection projects.

Executives

Xu Ran	Executives
Zhu Jian Zhong	Directors, executives
Wang Ping	Supervisors
Zou Xue Feng	Supervisors
Xu Yuan Sheng	Directors, executives
Zhou Zhong Sheng	Independent director
Pan Jian Hua	Directors, executives
Chen Ji Qiang	Directors, executives
Min Ping Qiang	Supervisors
Zhou Hua	Executives
Zhang Guo Yi	Directors, executives
Zhang Wei Bing	Director
Song Ju Neng	Executives
Hui Jian Ming	Directors, executives

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