Lecron Industrial Development Group Co (SZSE:300343) Long-Term Capital Lease Obligation : ¥0.7 Mil (As of Mar. 2025)

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What is Lecron Industrial Development Group Co Long-Term Capital Lease Obligation?

Lecron Industrial Development Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥0.7 Mil.

Lecron Industrial Development Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (¥3.3 Mil) to Dec. 2024 (¥1.1 Mil) and declined from Dec. 2024 (¥1.1 Mil) to Mar. 2025 (¥0.7 Mil).

Lecron Industrial Development Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (¥2.2 Mil) to Dec. 2023 (¥2.7 Mil) but then declined from Dec. 2023 (¥2.7 Mil) to Dec. 2024 (¥1.1 Mil).

Lecron Industrial Development Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lecron Industrial Development 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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Lecron Industrial Development Group Co Long-Term Capital Lease Obligation Chart

Lecron Industrial Development Group Co Annual Data

Trend

Dec15

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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10.43

5.28

2.18

2.74

1.09

Lecron Industrial Development 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															1.74	0.26	3.29	1.09	0.70

Lecron Industrial Development Group Co (SZSE:300343) 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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Lecron Industrial Development Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lecron Industrial Development Group Co Ltd (SZSE:300343) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 219, East Changguo Road, East Chemical Industrial Zone, Zhangdian District, Shandong Province, Zibo, CHN, 255080

Website

http://www.lecron.cn

Lecron Industrial Development Group Co Ltd formerly known as Lecron Internet Media Industry Co Ltd is engaged in the research and development, production and promotion of green chemicals. The company's product range covers monomer polyether polyol, system polyol for polyurethane foam, polyurethane prepolymer for elastomer, polyurea waterproof and anti-corrosion materials, medical intermediate, polyurethane fireproof insulation panel and others.

Executives

Wang Xian Dong	Executives
Li Hui Min	Securities Affairs Representative
Shao Xiu Ying	Director
Qi Hai Ying	Directors, executives
Li Hong Guo	Director
Hu An Zhi	Secretary, Director
Wang Wei	Directors, executives
Wang Jing	Directors, executives

Lecron Industrial Development Group Co Headlines

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