Tangrenshen Group Co (SZSE:002567) Long-Term Capital Lease Obligation : ¥384 Mil (As of Mar. 2024)

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What is Tangrenshen Group Co Long-Term Capital Lease Obligation?

Tangrenshen Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥384 Mil.

Tangrenshen Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥372 Mil) to Dec. 2023 (¥379 Mil) and increased from Dec. 2023 (¥379 Mil) to Mar. 2024 (¥384 Mil).

Tangrenshen Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥428 Mil) to Dec. 2022 (¥396 Mil) and declined from Dec. 2022 (¥396 Mil) to Dec. 2023 (¥379 Mil).

Tangrenshen Group Co Long-Term Capital Lease Obligation Historical Data

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

Tangrenshen Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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293.88

428.13

395.96

379.49

Tangrenshen Group 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															371.98	387.67	372.47	379.49	384.32

Tangrenshen Group Co (SZSE:002567) 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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Tangrenshen Group Co (SZSE:002567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tangrenshen Group Co Ltd (SZSE:002567) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Liyu Industrial Park, High-tech Industrial Development Zone, Hunan Province, Zhuzhou, CHN, 412007

Website

https://www.tangrenshen.com.cn

Tangrenshen Group Co Ltd is engaged in the production and distribution of feeds, meats and boars.

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