Xinlun New Materials Co (SZSE:002341) Long-Term Capital Lease Obligation : ¥18.7 Mil (As of Mar. 2024)

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What is Xinlun New Materials Co Long-Term Capital Lease Obligation?

Xinlun New Materials Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥18.7 Mil.

Xinlun New Materials Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥29.4 Mil) to Dec. 2023 (¥29.4 Mil) but then declined from Dec. 2023 (¥29.4 Mil) to Mar. 2024 (¥18.7 Mil).

Xinlun New Materials Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥20.9 Mil) to Dec. 2022 (¥22.4 Mil) and increased from Dec. 2022 (¥22.4 Mil) to Dec. 2023 (¥29.4 Mil).

Xinlun New Materials Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xinlun New Materials 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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Xinlun New Materials Co Long-Term Capital Lease Obligation Chart

Xinlun New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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27.56

20.93

22.42

29.44

Xinlun New Materials 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															21.70	29.38	29.41	29.44	18.74

Xinlun New Materials Co (SZSE:002341) 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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Xinlun New Materials Co (SZSE:002341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinlun New Materials Co Ltd (SZSE:002341) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 24 Futian Road, Futian Street, 32nd Floor, Coastal Huanqing Building, Weizhen Community, Futian District, Guangdong Province, Shenzhen, CHN, 518052

Website

http://www.szselen.com

Xinlun New Materials Co Ltd engages in the research, development, manufacture, and sale of new materials. It offers double-sided tapes, optical tapes, protective films, functional tapes, TAC products, graphite sheets, aluminum-plastic composite films. The company also provides electronic/pharmaceutical/food industry clean-room engineering design, construction, and maintenance integrated solution; ultra clean products research, production, and sales integration services.

Executives

Li Jing Bin	Directors, executives
Liao Yao	Directors, executives
Shi Dong Yi Yuan	Directors, executives
Li Hong Liang	Executives
Li Hong Liu	Directors, Directors, and Executives
Yang Dong	Executives
Chen De Sheng	Executives
Wang Feng De	Directors, executives
Ruan Zheng	Securities Affairs Representative
Fu Bo	Directors, executives
Hou Yi	Director
Hou Hai Feng	Executives
Hou Fei	Supervisors
Zhang Yuan	Director
Zhang Qiang	Director

Xinlun New Materials Co (SZSE:002341) Headlines

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