Qinglong Pipes Industry Group Co (SZSE:002457) Long-Term Capital Lease Obligation : ¥5 Mil (As of Mar. 2025)

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What is Qinglong Pipes Industry Group Co Long-Term Capital Lease Obligation?

Qinglong Pipes Industry Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥5 Mil.

Qinglong Pipes Industry Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥1 Mil) to Dec. 2024 (¥4 Mil) and increased from Dec. 2024 (¥4 Mil) to Mar. 2025 (¥5 Mil).

Qinglong Pipes Industry Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (¥1 Mil) to Dec. 2023 (¥2 Mil) and increased from Dec. 2023 (¥2 Mil) to Dec. 2024 (¥4 Mil).

Qinglong Pipes Industry Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Qinglong Pipes Industry 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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Qinglong Pipes Industry Group Co Long-Term Capital Lease Obligation Chart

Qinglong Pipes Industry Group Co Annual Data

Trend

Dec15

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Dec21

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Dec24

Long-Term Capital Lease Obligation

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0.85

2.47

4.27

Qinglong Pipes Industry Group 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															2.51	2.35	1.25	4.27	5.09

Qinglong Pipes Industry Group Co (SZSE:002457) 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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Qinglong Pipes Industry Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Qinglong Pipes Industry Group Co Ltd (SZSE:002457) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 41, Yuehai Road, 11-13th Floor, Ningxia Water Conservancy Research and Development Building, Ningxia Hui Autonomous Region, Jinfeng District, Yinchuan, CHN, 750002

Website

http://www.qlgd.com.cn

Qinglong Pipes Industry Group Co Ltd engages in the research and development, production, sales and installation services of various mainstream water supply and drainage pipeline products, pipeline corridors, water-saving irrigation products, gas pipelines, new energy-saving heating pipelines and supporting pipe fittings for the above products, as well as the provision of overall water-saving solutions.

Executives

Ren Zhi Chao	Supervisors
Huang Yan Qing	Directors, executives
Ma Yue	Director
Liu Ling Yun	Directors, executives
Du Xue Zhi	Director
Wang Ping	Director
Chen Jia Xing	Director
Lu Li Xin	Director
Li Hao	Executives
Luan Xin Xiang	Director
Fang Ji Liang	Supervisors
Wang Li	Directors, executives
Li Qian	Supervisors
Fan Ren Ping	Securities Affairs Representative
Xiao Jing Ning	Supervisors

Qinglong Pipes Industry Group Co Headlines

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