Suzhou Yangtze New Materials Co (SZSE:002652) Long-Term Capital Lease Obligation : ¥0.2 Mil (As of Jun. 2024)

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What is Suzhou Yangtze New Materials Co Long-Term Capital Lease Obligation?

Suzhou Yangtze New Materials Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥0.2 Mil.

Suzhou Yangtze New Materials Co's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2023 (¥0.2 Mil) to Mar. 2024 (¥0.2 Mil) but then increased from Mar. 2024 (¥0.2 Mil) to Jun. 2024 (¥0.2 Mil).

Suzhou Yangtze New Materials Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥0.5 Mil) to Dec. 2022 (¥0.3 Mil) and declined from Dec. 2022 (¥0.3 Mil) to Dec. 2023 (¥0.2 Mil).

Suzhou Yangtze New Materials Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Suzhou Yangtze New Materials 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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Suzhou Yangtze New Materials Co Long-Term Capital Lease Obligation Chart

Suzhou Yangtze New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.47

0.32

0.17

Suzhou Yangtze New Materials Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.18	0.16	0.17	0.17	0.21

Suzhou Yangtze New Materials Co (SZSE:002652) 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.

Suzhou Yangtze New Materials Co Long-Term Capital Lease Obligation Related Terms

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Suzhou Yangtze New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Suzhou Yangtze New Materials Co Ltd (SZSE:002652) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.218, danfeng road, Suzhou, CHN, 215000

Website

http://www.yzjnm.com/cn

Suzhou Yangtze New Materials Co Ltd is engaged in the manufacturing and distribution of steel coils. Its product portfolio comprises cold rolled steel coil and sheet, hot dipped galvanized steel coil and sheet, pre-painted galvanized steel coil, and anti-static organic color coated steel sheet. The steel coils are mainly used in food processing, hospital, PV manufacturing, electronic and other industries.

Executives

Jin Yue Guo	Directors, executives
Xu Xiao Nan	Executives
Wang Meng Bing	Directors, executives
Yang Jian Ren	Executives
Hu Wei Lin	Director
Qin Chang He	Executives
Bu Jiang	Directors, executives
Gao Tian Shu	Supervisors

Suzhou Yangtze New Materials Co Headlines

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