Shandong Tongda Island New Materials Co (SZSE:300321) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Mar. 2025)

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What is Shandong Tongda Island New Materials Co Long-Term Capital Lease Obligation?

Shandong Tongda Island New Materials Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥0.0 Mil.

Shandong Tongda Island New Materials Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shandong Tongda Island New Materials 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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Shandong Tongda Island New Materials Co Long-Term Capital Lease Obligation Chart

Shandong Tongda Island New Materials Co Annual Data

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Long-Term Capital Lease Obligation

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Shandong Tongda Island New Materials Co Quarterly Data
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Shandong Tongda Island New Materials Co (SZSE:300321) 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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Shandong Tongda Island New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shandong Tongda Island New Materials Co Ltd (SZSE:300321) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 522, Tongda Street, Shandong Province, Changyi City, CHN, 261300

Website

https://www.td300321.com

Shandong Tongda Island New Materials Co Ltd is engaged in production and sales of microfiber base fabric, microfiber smooth leather, microfiber suede leather, apparel fabrics and accessories. The products of the company can be used for footwear, furniture accessories, sporting goods and automobiles.

Executives

Xu Xu Ri	Directors, executives
Xu Yan Feng	Director
Li Yan Xia	Directors, executives
Zhang Sha	Secretary, Director
Wei Zeng Bao	Director
Zhang Tong	Executives
Kou Xiang Dong	Director
Wang Le Zhi	Directors, executives
Zheng Yong Gui	Directors, executives
Jiang Hao Xiong	Director

Shandong Tongda Island New Materials Co Headlines

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