Qingdao Zhongzi Zhongcheng Group Co (SZSE:300208) Long-Term Capital Lease Obligation : ¥18.9 Mil (As of Mar. 2025)

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What is Qingdao Zhongzi Zhongcheng Group Co Long-Term Capital Lease Obligation?

Qingdao Zhongzi Zhongcheng Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥18.9 Mil.

Qingdao Zhongzi Zhongcheng Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (¥38.5 Mil) to Dec. 2024 (¥19.3 Mil) and declined from Dec. 2024 (¥19.3 Mil) to Mar. 2025 (¥18.9 Mil).

Qingdao Zhongzi Zhongcheng Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (¥36.3 Mil) to Dec. 2023 (¥37.5 Mil) but then declined from Dec. 2023 (¥37.5 Mil) to Dec. 2024 (¥19.3 Mil).

Qingdao Zhongzi Zhongcheng Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Qingdao Zhongzi Zhongcheng 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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Qingdao Zhongzi Zhongcheng Group Co Long-Term Capital Lease Obligation Chart

Qingdao Zhongzi Zhongcheng Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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4.09

36.26

37.54

19.30

Qingdao Zhongzi Zhongcheng Group 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															38.14	36.52	38.51	19.30	18.94

Qingdao Zhongzi Zhongcheng Group Co (SZSE:300208) 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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Qingdao Zhongzi Zhongcheng Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Zhongzi Zhongcheng Group Co Ltd (SZSE:300208) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Chengyang Airport Industrial Park, Qingdao City, CHN, 266108

Website

http://www.qdhsec.com

Qingdao Zhongzi Zhongcheng Group Co Ltd is mainly engaged in green power grids construction, electric power and new energy development, overseas mineral operation, industrial parks development, virtual reality and Internet technology research and development applications and financial investment holding businesses.

Executives

Jia Xiao Yu	Directors, executives
Mo Bai Xin	Secretary Dong
Chen Zhang	Supervisors
Jia Yu Lan	Director
Sun Jian Qiang	Independent director
Xu Mao Shun	Independent director
Wang Tian Wen	Independent director
Yao Gang	Independent director
Jia Quan Chen	Directors, executives
Ying Ming	Supervisors
Chen Xiao Qiang	Directors, executives
Zhang Pei Rong	Supervisors
Fu Da Zhi	Executives
Liu Tao	Executives
Zhang Zhen Bo	Executives

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