Longzhou Group Co (SZSE:002682) Long-Term Capital Lease Obligation : ¥3 Mil (As of Mar. 2024)

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

Longzhou Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil.

Longzhou Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥7 Mil) to Dec. 2023 (¥3 Mil) and declined from Dec. 2023 (¥3 Mil) to Mar. 2024 (¥3 Mil).

Longzhou Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥12 Mil) to Dec. 2022 (¥8 Mil) and declined from Dec. 2022 (¥8 Mil) to Dec. 2023 (¥3 Mil).

Longzhou Group Co Long-Term Capital Lease Obligation Historical Data

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

Longzhou Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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14.18

12.07

8.21

2.80

Longzhou 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															7.49	7.10	7.28	2.80	2.60

Longzhou Group Co (SZSE:002682) 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.

Longzhou Group Co Long-Term Capital Lease Obligation Related Terms

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Longzhou Group Co (SZSE:002682) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Longzhou Group Co Ltd (SZSE:002682) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 112, South Huanxi Road, Xinluo District, Fujian Province, Longyan, CHN, 364000

Website

http://www.lzgf.cn

Longzhou Group Co Ltd operates in the road transportation industry. Its primary business activities involve passenger station operation, modern logistics, port logistics, automobile sales and maintenance, and oil and gas sales. Its oil and gas business covers wholesale and retail of refined oil, natural gas processing, and production. In addition, the company is engaged in the front-end and back-end businesses of automobiles and parts sales and maintenance, special vehicle modification, vehicle testing and other vehicles.

Executives

Wang Yue Rong	Director
Wei Fu Yuan	Executives
Yuan He Zhi	Directors, executives
Wu Zhen Long	Director
Zhang Wei Min	Executives
Su Long Zhou	Supervisors

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