Zhejiang Meida Industrial Co (SZSE:002677) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Mar. 2025)

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What is Zhejiang Meida Industrial Co Long-Term Capital Lease Obligation?

Zhejiang Meida Industrial Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥0.0 Mil.

Zhejiang Meida Industrial Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (¥0.4 Mil) to Dec. 2024 (¥0.0 Mil) but then stayed the same from Dec. 2024 (¥0.0 Mil) to Mar. 2025 (¥0.0 Mil).

Zhejiang Meida Industrial Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥3.2 Mil) to Dec. 2023 (¥1.7 Mil) and declined from Dec. 2023 (¥1.7 Mil) to Dec. 2024 (¥0.0 Mil).

Zhejiang Meida Industrial Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Meida Industrial 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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Zhejiang Meida Industrial Co Long-Term Capital Lease Obligation Chart

Zhejiang Meida Industrial Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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1.67

3.25

1.66

Zhejiang Meida Industrial 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															1.25	0.84	0.42	-	-

Zhejiang Meida Industrial Co (SZSE:002677) 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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Zhejiang Meida Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zhejiang Meida Industrial Co Ltd (SZSE:002677) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

60k East and West Road, Haining, Zhejiang, CHN, 314416

Website

http://www.meida.com

Zhejiang Meida Industrial Co Ltd operates in the kitchen appliance industry. The company is engaged in the design, manufacturing, and distribution of integrated stoves. It offers a range of kitchen products, including hoods, stoves, cookers, sterilization products, storage cabinets, electrical ovens, and water purifiers.

Executives

Zhong Chuan Liang	Directors, executives
Xia Zhi Sheng	Directors, executives
Wang Pei Fei	Directors, executives
Zhang Jiang Ping	Director
Xu Jian Long	Directors, executives
Xu Hong	Securities Affairs Representative
Jiang Zhi Hong	Supervisors
Zhang Lv Lun	Independent director
Xia Ding	Executives, directors
Xia Lan	Executives, directors
Ma Ju Ping	Supervisors

Zhejiang Meida Industrial Co Headlines

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