Zhejiang Ming Jewelry Co (SZSE:002574) Long-Term Capital Lease Obligation : ¥14 Mil (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Zhejiang Ming Jewelry Co Long-Term Capital Lease Obligation?

Zhejiang Ming Jewelry Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥14 Mil.

Zhejiang Ming Jewelry Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥32 Mil) to Dec. 2023 (¥15 Mil) and declined from Dec. 2023 (¥15 Mil) to Mar. 2024 (¥14 Mil).

Zhejiang Ming Jewelry Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥41 Mil) to Dec. 2022 (¥32 Mil) and declined from Dec. 2022 (¥32 Mil) to Dec. 2023 (¥15 Mil).

Zhejiang Ming Jewelry Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Ming Jewelry 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.

* Premium members only.

Zhejiang Ming Jewelry Co Long-Term Capital Lease Obligation Chart

Zhejiang Ming Jewelry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

44.36

40.77

32.38

14.59

Zhejiang Ming Jewelry 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															32.11	31.52	31.63	14.59	13.97

Zhejiang Ming Jewelry Co (SZSE:002574) 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.

Zhejiang Ming Jewelry Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Zhejiang Ming Jewelry Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Ming Jewelry Co (SZSE:002574) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Zhejiang Ming Jewelry Co Ltd (SZSE:002574) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Number 1016, Jingshui Road, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312046

Website

http://www.mingr.com

Zhejiang Ming Jewelry Co Ltd is a China-based company engaged in the design, research, and development, manufacture and distribution of high-grade precious metals and gemstone jewelry products, as well as the operation and management of MINGR jewelry brands. The company's main products include diamonds, gold, K gold, colorful treasures, jade, high-end silverware, and other jewelry.

Executives

Ye Wei Guo	Supervisors
Yin Shang Liang	Directors, executives
Xu Guan Xing	Executives
Yu A Wu	Director

Zhejiang Ming Jewelry Co (SZSE:002574) Headlines

No Headlines