ZheJiang Yayi Metal Technology Co (SZSE:301113) Long-Term Capital Lease Obligation : ¥0.1 Mil (As of Mar. 2024)

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What is ZheJiang Yayi Metal Technology Co Long-Term Capital Lease Obligation?

ZheJiang Yayi Metal Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.1 Mil.

ZheJiang Yayi Metal Technology Co's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2023 (¥0.0 Mil) to Dec. 2023 (¥0.0 Mil) but then increased from Dec. 2023 (¥0.0 Mil) to Mar. 2024 (¥0.1 Mil).

ZheJiang Yayi Metal Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥0.2 Mil) to Dec. 2022 (¥0.0 Mil) but then stayed the same from Dec. 2022 (¥0.0 Mil) to Dec. 2023 (¥0.0 Mil).

ZheJiang Yayi Metal Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for ZheJiang Yayi Metal Technology 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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ZheJiang Yayi Metal Technology Co Long-Term Capital Lease Obligation Chart

ZheJiang Yayi Metal Technology Co Annual Data

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Long-Term Capital Lease Obligation

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0.19

ZheJiang Yayi Metal Technology Co Quarterly Data
	Dec18	Jun19	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															-	-	-	-	0.07

ZheJiang Yayi Metal Technology Co (SZSE:301113) 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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ZheJiang Yayi Metal Technology Co (SZSE:301113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » ZheJiang Yayi Metal Technology Co Ltd (SZSE:301113) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Industrial Functional Zone (Phase II), Wuyi County, Zhejiang Province, Jiaodao Town, CHN, 321200

Website

http://www.china-yayi.com

ZheJiang Yayi Metal Technology Co Ltd is engaged in the research and development, design, production and sales of outdoor leisure furniture such as outdoor braziers and gas stoves.

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