Hunan Mendale Hometextile Co (SZSE:002397) Long-Term Capital Lease Obligation : ¥20 Mil (As of Mar. 2025)

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What is Hunan Mendale Hometextile Co Long-Term Capital Lease Obligation?

Hunan Mendale Hometextile Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥20 Mil.

Hunan Mendale Hometextile Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (¥22 Mil) to Dec. 2024 (¥21 Mil) and declined from Dec. 2024 (¥21 Mil) to Mar. 2025 (¥20 Mil).

Hunan Mendale Hometextile Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥48 Mil) to Dec. 2023 (¥14 Mil) but then increased from Dec. 2023 (¥14 Mil) to Dec. 2024 (¥21 Mil).

Hunan Mendale Hometextile Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hunan Mendale Hometextile 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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Hunan Mendale Hometextile Co Long-Term Capital Lease Obligation Chart

Hunan Mendale Hometextile Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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7.28

33.50

47.64

14.43

21.11

Hunan Mendale Hometextile 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															11.63	19.17	21.52	21.11	19.96

Hunan Mendale Hometextile Co (SZSE:002397) 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.

Hunan Mendale Hometextile Co Long-Term Capital Lease Obligation Related Terms

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Hunan Mendale Hometextile Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hunan Mendale Hometextile Co Ltd (SZSE:002397) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 2 Changchuan Road, Lugu Industrial Base, New and High-Tech Industrial Development Zone, Changsha, Hunan, CHN, 410205

Website

http://www.mendale.com

Hunan Mendale Hometextile Co Ltd is a China-based company. It is principally engaged in the design, manufacture, and sales of home textile products, as well as the provision of home life services.

Executives

Li Jun	Secretary, Director
Jiang Tian Wu	Director
Li Jian Wei	Director
Wu Wei	Director
Peng Wei Guo	Supervisors
Zhang Ai Chun	Director
Cheng Yan	Executives
He Xiao Xia	Executives
Tu Yun Hua	Directors, executives
Guan Jian	Independent director
Pan Jin	Executives
Gao Zhi	Supervisors
Wu Wen Wen	Securities Affairs Representative
Chen Xiao Hong	Director

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