Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Long-Term Capital Lease Obligation : ¥9.9 Mil (As of Mar. 2024)

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What is Hubei Guochuang Hi-Tech Material Co Long-Term Capital Lease Obligation?

Hubei Guochuang Hi-Tech Material Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9.9 Mil.

Hubei Guochuang Hi-Tech Material Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥12.7 Mil) to Dec. 2023 (¥10.7 Mil) and declined from Dec. 2023 (¥10.7 Mil) to Mar. 2024 (¥9.9 Mil).

Hubei Guochuang Hi-Tech Material Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥474.0 Mil) to Dec. 2022 (¥97.1 Mil) and declined from Dec. 2022 (¥97.1 Mil) to Dec. 2023 (¥10.7 Mil).

Hubei Guochuang Hi-Tech Material Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hubei Guochuang Hi-Tech 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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Hubei Guochuang Hi-Tech Material Co Long-Term Capital Lease Obligation Chart

Hubei Guochuang Hi-Tech Material Co Annual Data

Trend

Dec14

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Dec16

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Dec18

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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816.79

474.02

97.13

10.71

Hubei Guochuang Hi-Tech 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															89.41	13.42	12.66	10.71	9.92

Hubei Guochuang Hi-Tech Material Co (SZSE:002377) 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.

Hubei Guochuang Hi-Tech Material Co Long-Term Capital Lease Obligation Related Terms

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Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Hubei Guochuang Hi-Tech Material Co Ltd (SZSE:002377) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 8, Wudayuan 3rd Road, Donghu New Technology Development Zone, Hubei, Wuhan, CHN, 430223

Website

http://www.guochuang.com.cn

Hubei Guochuang Hi-Tech Material Co Ltd is a China-based company specializing in the research, design, production, and sales of modified asphalt, emulsified asphalt and other road materials and equipment. The materials are used for highways, electronic information, bioengineering, environmental engineering technology development and application, undertake modified asphalt road pavement projects, import and export of goods, and technology import and export. The product portfolio of the company includes modified asphalt, colored asphalt, cement asphalt mortar, and other products.

Executives

Peng Ya Chao	Directors, Directors, and Executives
Lv Hua Sheng	Directors, executives
Meng Jun Mei	Executives
Li Mou Yu	Executives
Ji Yong Hai	Executives
He Bin	Supervisors
Zhang Jing Jing	Supervisors
Wu Xin Mu	Independent director
Peng Bin	Directors, executives
Qian Jing	Directors, executives
Hao Li Qun	Director
Gao Tao	Directors, executives
Yin Shi Ming	Executives
Gao Qing Shou	Director
Hu Ling	Executives

Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Headlines

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