ZJK (ZJK Industrial Co) Long-Term Capital Lease Obligation : $0.76 Mil (As of Dec. 2024)

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What is ZJK Industrial Co Long-Term Capital Lease Obligation?

ZJK Industrial Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.76 Mil.

ZJK Industrial Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 ($0.29 Mil) to Jun. 2024 ($0.79 Mil) but then declined from Jun. 2024 ($0.79 Mil) to Dec. 2024 ($0.76 Mil).

ZJK Industrial Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.14 Mil) to Dec. 2023 ($0.29 Mil) and increased from Dec. 2023 ($0.29 Mil) to Dec. 2024 ($0.76 Mil).

ZJK Industrial Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for ZJK Industrial 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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ZJK Industrial Co Long-Term Capital Lease Obligation Chart

ZJK Industrial Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

0.39

0.14

0.29

0.76

ZJK Industrial Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.14	0.09	0.29	0.79	0.76

ZJK Industrial Co (NAS:ZJK) 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.

ZJK Industrial Co Long-Term Capital Lease Obligation Related Terms

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ZJK Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ZJK Industrial Co Ltd (NAS:ZJK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.8, Jingqiang Road, 138 Industrial Zone, Xiuxin Community, Kengzi Town, Pingshan New Area, Shenzhen, CHN, 518122

Website

https://www.zjk-industrial.com

ZJK Industrial Co Ltd is a high-tech enterprise specialized in the manufacturing and sale of precision fasteners, structural parts, and other precision metal parts products for new energy vehicles, circuit boards, data centers, liquid cooling systems for high-speed supercomputers widely applied in the artificial intelligence industry, and intelligent electronic equipment, such as mobile phones, smart watches, drones, and 5G communication base stations. Its products include various standard screws, nuts, bolts, turning parts, stamping parts, and Computer Numerical Control (CNC) machining parts. The products are used in new energy vehicles, mobile phones, smart watches, drones, 5G communication base stations, circuit boards, liquid cooling systems, and other electronic equipment.