Jiangshu Zhongli Group Co (SZSE:002309) Long-Term Capital Lease Obligation : ¥48 Mil (As of Mar. 2024)

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What is Jiangshu Zhongli Group Co Long-Term Capital Lease Obligation?

Jiangshu Zhongli Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥48 Mil.

Jiangshu Zhongli Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥100 Mil) to Dec. 2023 (¥54 Mil) and declined from Dec. 2023 (¥54 Mil) to Mar. 2024 (¥48 Mil).

Jiangshu Zhongli Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥115 Mil) to Dec. 2022 (¥120 Mil) but then declined from Dec. 2022 (¥120 Mil) to Dec. 2023 (¥54 Mil).

Jiangshu Zhongli Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiangshu Zhongli Group 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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Jiangshu Zhongli Group Co Long-Term Capital Lease Obligation Chart

Jiangshu Zhongli Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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25.95

115.41

119.61

54.20

Jiangshu Zhongli Group 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															108.44	109.93	99.78	54.20	47.62

Jiangshu Zhongli Group Co (SZSE:002309) 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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Jiangshu Zhongli Group Co (SZSE:002309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangshu Zhongli Group Co Ltd (SZSE:002309) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.8 Changkun Road, Changshu Southeast Development Zone, Jiangsu, Shajiatun, CHN

Website

http://www.zhongli.com

Jiangshu Zhongli Group Co Ltd is specialized in fiber optic cables and photovoltaic products, including fire-resistant flexible cables, copper conductors, cable compounds, optical cables, and marine cables.

Executives

Wang Wei Feng	Directors, executives
Gong Yin	Director
Zhan Zu Gen	Director
Wang Bai Xing	Director
Zhou Jian Xin	Director
Shen Xun Xiang	Executives
Chen Bo Han	Executives
Cheng Xian	Securities affairs representatives, executives, di
Hu Chang Qing	Executives
Chen Xiao Yong	Supervisors

Jiangshu Zhongli Group Co (SZSE:002309) Headlines

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