Zhongnanhong Culture Group Co (SZSE:002445) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Mar. 2024)

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What is Zhongnanhong Culture Group Co Long-Term Capital Lease Obligation?

Zhongnanhong Culture Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil.

Zhongnanhong Culture Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥1.0 Mil) to Dec. 2022 (¥0.2 Mil) and declined from Dec. 2022 (¥0.2 Mil) to Dec. 2023 (¥0.0 Mil).

Zhongnanhong Culture Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhongnanhong Culture 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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Zhongnanhong Culture Group Co Long-Term Capital Lease Obligation Chart

Zhongnanhong Culture Group Co Annual Data

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Long-Term Capital Lease Obligation

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1.04

0.22

Zhongnanhong Culture Group Co Quarterly Data
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Zhongnanhong Culture Group Co (SZSE:002445) 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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Zhongnanhong Culture Group Co (SZSE:002445) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhongnanhong Culture Group Co Ltd (SZSE:002445) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3, Zhongnan Road, High and New Technique Industires Development Zone, Jiangsu Province, Jiangyin, CHN, 214429

Website

http://www.znhi.com.cn

Zhongnanhong Culture Group Co Ltd, formerly Zhongnan Red Culture Group Co Ltd is engaged in the production of pipe fittings, steel pipes, machinery parts, expansion joints, prefabricated and buried insulating pipes in China.

Executives

Hu Zhen	Supervisors
Wang Hui	Director
Hong Tao	Executives
Chen Guang	Directors, executives
Tian Zi Qiang	Executives
Chen Shao Zhong	Director
Zhang Yue Ming	Supervisors
Hua Li Ya	Supervisors
Wang Kou Cheng	Supervisors
Wu Qing Feng	Directors, Directors, and Executives
Gao Li Xin	Directors, executives
Chen Shao Yun	Executives
Jin Yan Ping	Executives
Chen Xiao Dong	Supervisors

Zhongnanhong Culture Group Co (SZSE:002445) Headlines

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