Jiangsu Changbao Steeltube Co (SZSE:002478) Long-Term Capital Lease Obligation : ¥0 Mil (As of Mar. 2024)

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What is Jiangsu Changbao Steeltube Co Long-Term Capital Lease Obligation?

Jiangsu Changbao Steeltube Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil.

Jiangsu Changbao Steeltube Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiangsu Changbao Steeltube 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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Jiangsu Changbao Steeltube Co Long-Term Capital Lease Obligation Chart

Jiangsu Changbao Steeltube Co Annual Data

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Long-Term Capital Lease Obligation

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Jiangsu Changbao Steeltube Co Quarterly Data
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Jiangsu Changbao Steeltube Co (SZSE:002478) 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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Jiangsu Changbao Steeltube Co (SZSE:002478) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Changbao Steeltube Co Ltd (SZSE:002478) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

NO.21 Chang-qi ROAD, Changzhou, Jiangsu, CHN, 213018

Website

http://www.cbsteeltube.com

Jiangsu Changbao Steeltube Co Ltd is a manufacturing service company specialized in the production of seamless tubes. The company offers OCTG products for the petroleum industry, including connection tubings and casings, coupling stocks, perforating gun carrier pipes, petroleum tool pipes, drill pipes, and slotted pipes; boiler tubes for power generation; steel tubes for auto industry comprising automobile precision tubes.

Executives

Zhu Hong Zhang	Director
Han Qiao Lin	Directors, executives
Ding Wei	Supervisors
Zhu Hai Rong	Supervisors
Gao Huai Zhen	Supervisors
Zhang Lan Yong	Directors, executives
Cao Jian	Director
Yao Wei Min	Executives
Zhang Ming Hua	Supervisors
Zhou Xu Dong	Independent director
An Ning	Securities Affairs Representative
Yuan Li Ping	Supervisors
Zhou Jia Hua	Directors, executives
Chen Pu An	Director

Jiangsu Changbao Steeltube Co (SZSE:002478) Headlines

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