Jiangsu Jinling Sports Equipment Co (SZSE:300651) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Jun. 2024)

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What is Jiangsu Jinling Sports Equipment Co Long-Term Capital Lease Obligation?

Jiangsu Jinling Sports Equipment Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥0.0 Mil.

Jiangsu Jinling Sports Equipment Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (¥1.3 Mil) to Mar. 2024 (¥0.5 Mil) and declined from Mar. 2024 (¥0.5 Mil) to Jun. 2024 (¥0.0 Mil).

Jiangsu Jinling Sports Equipment Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥4.1 Mil) to Dec. 2022 (¥4.4 Mil) but then declined from Dec. 2022 (¥4.4 Mil) to Dec. 2023 (¥1.3 Mil).

Jiangsu Jinling Sports Equipment Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiangsu Jinling Sports Equipment 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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Jiangsu Jinling Sports Equipment Co Long-Term Capital Lease Obligation Chart

Jiangsu Jinling Sports Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.08

4.40

1.29

Jiangsu Jinling Sports Equipment Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.86	2.08	1.29	0.49	-

Jiangsu Jinling Sports Equipment Co (SZSE:300651) 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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Jiangsu Jinling Sports Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jiangsu Jinling Sports Equipment Co Ltd (SZSE:300651) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Haifeng Road, Nanfeng Town, Jiangsu Province, Zhangjiagang, CHN, 215600

Website

http://www.jlsports.com

Jiangsu Jinling Sports Equipment Co Ltd is a sports equipment integrated service provider in China. The company is engaged in the development, production, sales and sports events of sports equipment and venue facilities. Its products portfolio includes ball equipment, track and field equipment, and others. It offers equipment for various kinds of sports events, including basketball, athletics, football, and others.

Executives

Li Jian Gang	Directors, executives
Xu Yan	Supervisors
Li Jian Feng	Director
Sun Jun	Directors, Directors, and Executives
Shi Xing Ping	Directors, executives
Li Chun Rong	Directors, executives
Zhao Yu Long	Executives
Shi Yong Hua	Director

Jiangsu Jinling Sports Equipment Co Headlines

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