JL Mag Rare-Earth Co (SZSE:300748) Long-Term Capital Lease Obligation : ¥9 Mil (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is JL Mag Rare-Earth Co Long-Term Capital Lease Obligation?

JL Mag Rare-Earth Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥9 Mil.

JL Mag Rare-Earth Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (¥5 Mil) to Sep. 2023 (¥7 Mil) and increased from Sep. 2023 (¥7 Mil) to Dec. 2023 (¥9 Mil).

JL Mag Rare-Earth Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥5 Mil) to Dec. 2022 (¥7 Mil) and increased from Dec. 2022 (¥7 Mil) to Dec. 2023 (¥9 Mil).

JL Mag Rare-Earth Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for JL Mag Rare-Earth 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.

* Premium members only.

JL Mag Rare-Earth Co Long-Term Capital Lease Obligation Chart

JL Mag Rare-Earth Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

0.63

4.63

7.07

9.05

JL Mag Rare-Earth Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															7.07	8.29	5.48	7.37	9.05

JL Mag Rare-Earth Co (SZSE:300748) 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.

JL Mag Rare-Earth Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of JL Mag Rare-Earth Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

JL Mag Rare-Earth Co (SZSE:300748) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JL Mag Rare-Earth Co Ltd (SZSE:300748) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

06680:Hong Kong 3KLA:Germany

Address

81 West Jinling Road, Economic and Technological Development Zone, Jiangxi Province, Ganzhou, CHN, 341000

Website

https://www.jlmag.com.cn

JL Mag Rare-Earth, or JL Mag, is a leading global producer of high-performance rare earth permanent magnets, or REPMs. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe) and boron (B). The company is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion, or GBD, REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, or NEVs, automotive parts, wind turbine generators, energy-saving variable-frequency air-conditioners, or VFACs.

JL Mag Rare-Earth Co (SZSE:300748) Headlines

No Headlines