Zhejiang Hengtong Holding Co (SHSE:600226) Long-Term Capital Lease Obligation : ¥7.5 Mil (As of Mar. 2024)

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What is Zhejiang Hengtong Holding Co Long-Term Capital Lease Obligation?

Zhejiang Hengtong Holding Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7.5 Mil.

Zhejiang Hengtong Holding Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥6.5 Mil) to Dec. 2023 (¥7.5 Mil) but then declined from Dec. 2023 (¥7.5 Mil) to Mar. 2024 (¥7.5 Mil).

Zhejiang Hengtong Holding Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0.7 Mil) to Dec. 2022 (¥4.9 Mil) and increased from Dec. 2022 (¥4.9 Mil) to Dec. 2023 (¥7.5 Mil).

Zhejiang Hengtong Holding Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Hengtong Holding 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 Hengtong Holding Co Long-Term Capital Lease Obligation Chart

Zhejiang Hengtong Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.70

0.74

4.94

7.52

Zhejiang Hengtong Holding 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															4.95	7.99	6.49	7.52	7.48

Zhejiang Hengtong Holding Co (SHSE:600226) 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 Hengtong Holding Co (SHSE:600226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Zhejiang Hengtong Holding Co Ltd (SHSE:600226) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

1199, Minsheng Road, Room 2506, Building 1, Dawudaokou Square, Pudong New Area, Shanghai, CHN, 200135

Website

http://www.biok.com

Zhejiang Huge Leaf Co Ltd manufactures and exports bio-agrochemicals and medicines for animal nutrition and health in China.

Executives

Shen Pei Jin	Director
Shen De Tang	Director
Tao Shun Xiao	senior management
Chen Wei Qun	Director
Shen Hong Quan	senior management
Yao Yun Quan	senior management
Li Wen Hong	Supervisors
Lv Miao Yue	senior management
Xu Hong Biao	Supervisors
Chu Xiao He	senior management
Zhang Wen Jun	senior management
Wu Song Gen	Director
Xu Fen	senior management
Yang Chun Fang	Director
Wang Xin Pei	senior management

Zhejiang Hengtong Holding Co (SHSE:600226) Headlines

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