Yantai Shuangta Food Co (SZSE:002481) Long-Term Capital Lease Obligation : ¥2 Mil (As of Mar. 2024)

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What is Yantai Shuangta Food Co Long-Term Capital Lease Obligation?

Yantai Shuangta Food Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2 Mil.

Yantai Shuangta Food Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0 Mil) to Dec. 2023 (¥2 Mil) but then declined from Dec. 2023 (¥2 Mil) to Mar. 2024 (¥2 Mil).

Yantai Shuangta Food Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0 Mil) to Dec. 2022 (¥0 Mil) and increased from Dec. 2022 (¥0 Mil) to Dec. 2023 (¥2 Mil).

Yantai Shuangta Food Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Yantai Shuangta Food 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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Yantai Shuangta Food Co Long-Term Capital Lease Obligation Chart

Yantai Shuangta Food Co Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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0.12

2.40

Yantai Shuangta Food 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															0.12	0.12	0.12	2.40	1.87

Yantai Shuangta Food Co (SZSE:002481) 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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Yantai Shuangta Food Co (SZSE:002481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yantai Shuangta Food Co Ltd (SZSE:002481) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Jinling Town, Zhaoyuan city, Shandong province, CHN, 265404

Website

http://www.shuangtafensi.com

Yantai Shuangta Food Co Ltd is engaged in the production of vermicelli in China. The company's main products include pure bean vermicelli, grain vermicelli, sweet potato vermicelli, pea protein, dietary fiber and edible fungus, among others.

Executives

Li Yu Lin	Directors, executives
Liu Shu Xian	Director
Ma Ju Ping	Supervisors
Yang Jun Min	Director
Sui Jun Mei	Directors, executives
Zhang Dai Min	Directors, executives
Ma Dian Yun	Supervisors
Zhao Xue Wei	Independent director
Li Na Jun	Securities Affairs Representative
Wang Mei Rong	Supervisors
Shao Wan Bin	Director

Yantai Shuangta Food Co (SZSE:002481) Headlines

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