Zhejiang Fengmao Technology Co (SZSE:301459) Long-Term Capital Lease Obligation : ¥10.6 Mil (As of Sep. 2024)

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What is Zhejiang Fengmao Technology Co Long-Term Capital Lease Obligation?

Zhejiang Fengmao Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥10.6 Mil.

Zhejiang Fengmao Technology Co's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (¥0.0 Mil) to Jun. 2024 (¥11.9 Mil) but then declined from Jun. 2024 (¥11.9 Mil) to Sep. 2024 (¥10.6 Mil).

Zhejiang Fengmao Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Fengmao 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 Fengmao Technology Co Long-Term Capital Lease Obligation Chart

Zhejiang Fengmao Technology Co Annual Data

Trend

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Long-Term Capital Lease Obligation

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Zhejiang Fengmao Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											-	-	-	11.95	10.64

Zhejiang Fengmao Technology Co (SZSE:301459) 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 Fengmao Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Fengmao Technology Co Ltd (SZSE:301459) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 22, Jinfeng Road, Zhejiang, Yuyao, CHN, 315403

Website

http://www.fengmao.com

Zhejiang Fengmao Technology Co Ltd is engaged in research & development and industrialization of precision rubber parts.

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