Dehua Tb New Decoration Material Co (SZSE:002043) Long-Term Capital Lease Obligation : ¥23 Mil (As of Mar. 2024)

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What is Dehua Tb New Decoration Material Co Long-Term Capital Lease Obligation?

Dehua Tb New Decoration Material Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥23 Mil.

Dehua Tb New Decoration Material Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥36 Mil) to Dec. 2023 (¥28 Mil) and declined from Dec. 2023 (¥28 Mil) to Mar. 2024 (¥23 Mil).

Dehua Tb New Decoration Material Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥57 Mil) to Dec. 2022 (¥42 Mil) and declined from Dec. 2022 (¥42 Mil) to Dec. 2023 (¥28 Mil).

Dehua Tb New Decoration Material Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Dehua Tb New Decoration Material 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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Dehua Tb New Decoration Material Co Long-Term Capital Lease Obligation Chart

Dehua Tb New Decoration Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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52.63

56.60

42.45

28.40

Dehua Tb New Decoration Material 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															42.84	41.85	35.80	28.40	23.09

Dehua Tb New Decoration Material Co (SZSE:002043) 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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Dehua Tb New Decoration Material Co (SZSE:002043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Dehua Tb New Decoration Material Co Ltd (SZSE:002043) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Luoshe Town Industrial Zone, Deqing County, Zhejiang Province, Huzhou, CHN, 313200

Website

http://www.tubaobao.com

Dehua Tb New Decoration Material Co Ltd is a China-based decorative plywood manufacturer. Its product portfolio comprises veneers, plywood, flitches, wooden doors, adhesive products, raw wood and single boards, and others. The company sells its products in China and also exports it to the other international countries.

Executives

Lu Li Hua	Directors, executives
Ding Guan Fen	Supervisors
Ni Liu Shun	Executives
Yao Yan Ying	Supervisors
Yao Hong Xia	Directors, executives
Zhuo Yan	Executives
Xu Jun	Directors, Directors, and Executives
Zhang Qi Sheng	Independent director
Sun Chao Kun	Executives
Wang Bin Bin	Executives

Dehua Tb New Decoration Material Co (SZSE:002043) Headlines

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