Jiangsu Huahong Technology Co (SZSE:002645) Long-Term Capital Lease Obligation : ¥15 Mil (As of Mar. 2025)

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What is Jiangsu Huahong Technology Co Long-Term Capital Lease Obligation?

Jiangsu Huahong Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥15 Mil.

Jiangsu Huahong Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥11 Mil) to Dec. 2024 (¥15 Mil) and increased from Dec. 2024 (¥15 Mil) to Mar. 2025 (¥15 Mil).

Jiangsu Huahong Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥21 Mil) to Dec. 2023 (¥15 Mil) and declined from Dec. 2023 (¥15 Mil) to Dec. 2024 (¥15 Mil).

Jiangsu Huahong Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiangsu Huahong Technology 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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Jiangsu Huahong Technology Co Long-Term Capital Lease Obligation Chart

Jiangsu Huahong Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.89

1.34

21.37

14.77

14.55

Jiangsu Huahong Technology 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															16.90	12.06	10.76	14.55	15.34

Jiangsu Huahong Technology Co (SZSE:002645) 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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Jiangsu Huahong Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Huahong Technology Co Ltd (SZSE:002645) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No.1118, Chengyang, Zhouzhuang Town, Jiangyin, CHN, 214423

Website

http://www.hhyyjx.net

Jiangsu Huahong Technology Co Ltd is a manufacturer of the processing equipment for the recycling resources. The company mainly manufactures scrap metal baler, shear, scrap metal shredder, waste automobile dismantling equipment, non-metal baler, compressor and the comprehensive product line of household garbage. The products are applied to the national circular economy park, national urban renewable resource base, steel and non-ferrous metal enterprise, waste steel processing center and household garbage processing center.

Executives

Liu Wei Hua	Directors, executives
Hu Shi Yong	Director
Hu Pin Rong	Executives
Chen Fang Ming	Executives
Zhou Jing Cheng	Director
Li Lian Jun	Independent director

Jiangsu Huahong Technology Co Headlines

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