Shantou Wanshun New Material Group Co (SZSE:300057) Long-Term Capital Lease Obligation : ¥1 Mil (As of Mar. 2024)

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What is Shantou Wanshun New Material Group Co Long-Term Capital Lease Obligation?

Shantou Wanshun New Material Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil.

Shantou Wanshun New Material Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥5 Mil) to Dec. 2023 (¥3 Mil) and declined from Dec. 2023 (¥3 Mil) to Mar. 2024 (¥1 Mil).

Shantou Wanshun New Material Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0 Mil) to Dec. 2022 (¥4 Mil) but then declined from Dec. 2022 (¥4 Mil) to Dec. 2023 (¥3 Mil).

Shantou Wanshun New Material Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shantou Wanshun New Material 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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Shantou Wanshun New Material Group Co Long-Term Capital Lease Obligation Chart

Shantou Wanshun New Material Group Co Annual Data

Trend

Dec14

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.13

4.15

2.59

Shantou Wanshun New Material 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															4.15	4.25	4.50	2.59	1.39

Shantou Wanshun New Material Group Co (SZSE:300057) 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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Shantou Wanshun New Material Group Co (SZSE:300057) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shantou Wanshun New Material Group Co Ltd (SZSE:300057) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Shantou Free Trade Zone, Wanshun Industrial Park, Guangdong Province, Shantou, CHN, 515078

Website

http://www.wanshun.cn

Shantou Wanshun New Material Group Co Ltd, formerly known as Shantou Wanshun Package Material Stock Co Ltd is a China-based company engaged in producing eco-friendly packaging material, high-precision aluminum foil, and functional film. The products offered by the company are intelligent light control film, ITO conductive film, high resistance diaphragm, aluminized film, intelligent electronically controlled liquid crystal film, and others.

Executives

Du Cheng Cheng	Directors, executives
Zhang Ji Hui	Independent director
Zhou Qian Wen	Director
Cai Yi Ran	Director
Yang Shi Zhe	Securities Affairs Representative
Han Xiao	Directors, executives, representatives of securiti

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