BTR New Material Group Co (BJSE:835185) Long-Term Capital Lease Obligation : ¥340 Mil (As of Mar. 2024)

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What is BTR New Material Group Co Long-Term Capital Lease Obligation?

BTR New Material Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥340 Mil.

BTR New Material Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥285 Mil) to Dec. 2023 (¥363 Mil) but then declined from Dec. 2023 (¥363 Mil) to Mar. 2024 (¥340 Mil).

BTR New Material Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥395 Mil) to Dec. 2022 (¥319 Mil) but then increased from Dec. 2022 (¥319 Mil) to Dec. 2023 (¥363 Mil).

BTR New Material Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for BTR New Material 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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BTR New Material Group Co Long-Term Capital Lease Obligation Chart

BTR New Material Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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394.55

319.41

363.49

BTR New Material Group Co Quarterly Data
	Jun19	Sep19	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															315.37	306.44	284.95	363.49	340.25

BTR New Material Group Co (BJSE:835185) 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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BTR New Material Group Co (BJSE:835185) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » BTR New Material Group Co Ltd (BJSE:835185) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

No. 8, Guangyuan 4th Road, Dongkeng Community, Fenghuang Subdistrict, Guangming District, Shenzhen, CHN

Website

https://www.btrchina.com

BTR New Material Group Co Ltd is a manufacturer of cathode and anode materials for lithium-ion batteries. It is mainly engaged in graphite mining, graphite product manufacturing, and lithium-ion manufacture of positive electrode materials and negative electrode materials for batteries.

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