Shanghai Yongli Belting Co (SZSE:300230) Long-Term Capital Lease Obligation : ¥174 Mil (As of Mar. 2024)

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What is Shanghai Yongli Belting Co Long-Term Capital Lease Obligation?

Shanghai Yongli Belting Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥174 Mil.

Shanghai Yongli Belting Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥201 Mil) to Dec. 2023 (¥191 Mil) and declined from Dec. 2023 (¥191 Mil) to Mar. 2024 (¥174 Mil).

Shanghai Yongli Belting Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥46 Mil) to Dec. 2022 (¥82 Mil) and increased from Dec. 2022 (¥82 Mil) to Dec. 2023 (¥191 Mil).

Shanghai Yongli Belting Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Yongli Belting 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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Shanghai Yongli Belting Co Long-Term Capital Lease Obligation Chart

Shanghai Yongli Belting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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82.07

46.29

81.94

191.23

Shanghai Yongli Belting 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															188.78	183.05	200.56	191.23	174.19

Shanghai Yongli Belting Co (SZSE:300230) 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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Shanghai Yongli Belting Co (SZSE:300230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Yongli Belting Co Ltd (SZSE:300230) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

West of Xuhua Road, Xujing Town, Qingpu District, Shanghai, CHN

Website

http://www.yonglibelt.com

Shanghai Yongli Belting Co Ltd is mainly engaged in the research and development, production and sale of various types of light conveyor belts. Its main products are divided into two categories: light conveyor belts and precision molding products. Its products include polyvinyl chloride belts, oil resistant PVC belts, PVC treadmill belts, felt belts, hytrel belts, and silicone belts.

Executives

Huang Xiao Dong	Director
Yun Li Ming	Directors, executives
Jiang Feng	Executives
Shi Pei Hao	Director
Wang Yi Yi	Executives
Chen Zhi Liang	Supervisors
Yang Zhen Ping	Supervisors
Yu Cheng Lei	Directors, executives
Zhang Wei	Directors, executives

Shanghai Yongli Belting Co (SZSE:300230) Headlines

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