Tonghua Golden-horse Pharmaceutical Industry Co (SZSE:000766) Long-Term Capital Lease Obligation : ¥2 Mil (As of Mar. 2024)

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What is Tonghua Golden-horse Pharmaceutical Industry Co Long-Term Capital Lease Obligation?

Tonghua Golden-horse Pharmaceutical Industry Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2 Mil.

Tonghua Golden-horse Pharmaceutical Industry Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥2 Mil) to Dec. 2023 (¥2 Mil) and declined from Dec. 2023 (¥2 Mil) to Mar. 2024 (¥2 Mil).

Tonghua Golden-horse Pharmaceutical Industry Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥4 Mil) to Dec. 2022 (¥4 Mil) but then declined from Dec. 2022 (¥4 Mil) to Dec. 2023 (¥2 Mil).

Tonghua Golden-horse Pharmaceutical Industry Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tonghua Golden-horse Pharmaceutical Industry 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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Tonghua Golden-horse Pharmaceutical Industry Co Long-Term Capital Lease Obligation Chart

Tonghua Golden-horse Pharmaceutical Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.97

3.98

4.44

2.14

Tonghua Golden-horse Pharmaceutical Industry 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															4.03	2.37	2.32	2.14	2.14

Tonghua Golden-horse Pharmaceutical Industry Co (SZSE:000766) 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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Tonghua Golden-horse Pharmaceutical Industry Co (SZSE:000766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tonghua Golden-horse Pharmaceutical Industry Co Ltd (SZSE:000766) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 999, Jinma Road, Erdaojiang District, Tonghua, Jilin, CHN, 134001

Website

http://www.thjm.cn

Tonghua Golden-horse Pharmaceutical Industry Co Ltd is a pharmaceutical company engaged in the manufacturing and sale of pharmaceutical products. It is a comprehensive pharmaceutical company integrating the production, sales, and research and development of pharmaceuticals. Tonghua's products mainly focus on rheumatism, bone diseases, digestion, tumors, and gynecology and distributing it mainly in the eastern part of China.

Executives

Wei Ying Jie	Director
Zan Bao Shi	Director
Wu Cheng Yu	Directors, executives
Zhang De Ju	Supervisors
Li Ju	Supervisors
Feng Ran	Director

Tonghua Golden-horse Pharmaceutical Industry Co (SZSE:000766) Headlines

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