ZK International Group Co (ZK International Group Co) Long-Term Capital Lease Obligation : $0.0 Mil (As of Mar. 2023)

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What is ZK International Group Co Long-Term Capital Lease Obligation?

ZK International Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.0 Mil.

ZK International Group Co's quarterly Long-Term Capital Lease Obligation increased from Mar. 2022 ($0.0 Mil) to Sep. 2022 ($0.0 Mil) and increased from Sep. 2022 ($0.0 Mil) to Mar. 2023 ($0.0 Mil).

ZK International Group Co's annual Long-Term Capital Lease Obligation increased from Sep. 2020 ($0.0 Mil) to Sep. 2021 ($0.0 Mil) but then declined from Sep. 2021 ($0.0 Mil) to Sep. 2022 ($0.0 Mil).

ZK International Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for ZK International Group 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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ZK International Group Co Long-Term Capital Lease Obligation Chart

ZK International Group Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Long-Term Capital Lease Obligation

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0.03

0.01

ZK International Group Co Semi-Annual Data
	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										-	0.03	-	0.01	0.02

ZK International Group Co (NAS:ZKIN) 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.

ZK International Group Co Long-Term Capital Lease Obligation Related Terms

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ZK International Group Co (ZK International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ZK International Group Co Ltd (NAS:ZKIN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

C/o Zhejiang Zhengkang Industrial Co., Ltd., No. 678 Dingxiang Road, Binhai Industrial Park, Zhejiang Province, Economic and Technology Development Zone, Wenzhou, CHN, 325025

Website

https://www.zkinternationalgroup.com

ZK International Group Co Ltd is engaged in the manufacture and marketing of metal pipes. The company is specialized in producing double-press thin-walled stainless steel tube and fittings, carbon steel tube and fittings, single-press tube and fittings, and stainless-steel strip. The products are used in restaurants, hotel, hospital, firefighting, food, beverage, ship, engine, industrial seawater desalination and systems of direct-drinking water, cold /hot water supply, city water supply, gas of large/middle scale construction projects.