Zhejiang Double Arrow Rubber Co (SZSE:002381) Long-Term Capital Lease Obligation : ¥36 Mil (As of Mar. 2024)

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What is Zhejiang Double Arrow Rubber Co Long-Term Capital Lease Obligation?

Zhejiang Double Arrow Rubber Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥36 Mil.

Zhejiang Double Arrow Rubber Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥39 Mil) to Dec. 2023 (¥37 Mil) and declined from Dec. 2023 (¥37 Mil) to Mar. 2024 (¥36 Mil).

Zhejiang Double Arrow Rubber Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥36 Mil) to Dec. 2022 (¥40 Mil) but then declined from Dec. 2022 (¥40 Mil) to Dec. 2023 (¥37 Mil).

Zhejiang Double Arrow Rubber Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Double Arrow Rubber 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 Double Arrow Rubber Co Long-Term Capital Lease Obligation Chart

Zhejiang Double Arrow Rubber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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34.38

35.80

40.06

36.65

Zhejiang Double Arrow Rubber 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															39.58	40.01	39.34	36.65	35.81

Zhejiang Double Arrow Rubber Co (SZSE:002381) 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 Double Arrow Rubber Co (SZSE:002381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Double Arrow Rubber Co Ltd (SZSE:002381) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Zhou Quan town Industrial Zone, Tongxiang, Zhejiang, CHN, 314513

Website

http://www.doublearrow.net

Zhejiang Double Arrow Rubber Co Ltd is engaged as manufacturer of conveyor belts. The types of conveyor belts manufactured by company are acid and alkali resistant, high temperature resistant, flame retardant, oil resistant, heat resistant, tear resistant, puncture resistant, cold resistant, energy saving, and aramid.

Executives

Shen Kai Fei	Directors, executives
Shen Geng Liang	Director
Lang Hong Feng	Executives
Yan Hong Bin	Supervisors
Shen Hui Min	Directors, executives
Yu Ming Song	Director
Shen Lin Quan	Director
Lu Xin Hui	Supervisors
Shen Hong Fa	Directors, executives
Yu Bing Ren	Supervisors
Shen Hong Ming	Supervisors
Chen Bai Song	Directors, executives
Wu Jian Qin	Directors, executives
Yu Bing Ying	Executives
Xu Zhong Wei	Securities Affairs Representative

Zhejiang Double Arrow Rubber Co (SZSE:002381) Headlines

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