Fujian Septwolves Industry Co (SZSE:002029) Long-Term Capital Lease Obligation : ¥39 Mil (As of Mar. 2024)

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What is Fujian Septwolves Industry Co Long-Term Capital Lease Obligation?

Fujian Septwolves Industry Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥39 Mil.

Fujian Septwolves Industry Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥48 Mil) to Dec. 2023 (¥45 Mil) and declined from Dec. 2023 (¥45 Mil) to Mar. 2024 (¥39 Mil).

Fujian Septwolves Industry Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥51 Mil) to Dec. 2022 (¥62 Mil) but then declined from Dec. 2022 (¥62 Mil) to Dec. 2023 (¥45 Mil).

Fujian Septwolves Industry Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fujian Septwolves 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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Fujian Septwolves Industry Co Long-Term Capital Lease Obligation Chart

Fujian Septwolves Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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24.92

50.74

62.37

45.05

Fujian Septwolves 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															65.80	47.13	47.98	45.05	39.48

Fujian Septwolves Industry Co (SZSE:002029) 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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Fujian Septwolves Industry Co (SZSE:002029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fujian Septwolves Industry Co Ltd (SZSE:002029) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Jinjing Town, South Industrial Zone, Fujian Province, Jinjiang, CHN, 362251

Website

http://www.septwolves.com

Fujian Septwolves Industry Co Ltd is a China-based company operates in the apparel division. It is involved in the design, production, and sale of men's clothing such as jackets, suits, coats and other accessories. These products are offered under various brands which include Septwolves, Wolf Totem, 16N, OWOOO, Mark Fairwhale, Karl Lagerfeld, and Dancing Wolves.

Executives

Zhou Shao Xiong	Directors, executives
Zhou Shao Ming	Director
Zhou Yong Wei	Director
Wu Xing Qun	Directors, executives
Hong Qing Hai	Director
Shi Yu Zhu	Supervisors
Luo Long Xiang	Supervisors
Qi Shu Jie	Independent director
Li Qiang	Executives
Dai Yi Yi	Director

Fujian Septwolves Industry Co (SZSE:002029) Headlines

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