Chen Ke Ming Food Manufacturing Co (SZSE:002661) Long-Term Capital Lease Obligation : ¥126 Mil (As of Mar. 2024)

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What is Chen Ke Ming Food Manufacturing Co Long-Term Capital Lease Obligation?

Chen Ke Ming Food Manufacturing Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥126 Mil.

Chen Ke Ming Food Manufacturing Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥133 Mil) to Dec. 2023 (¥126 Mil) and declined from Dec. 2023 (¥126 Mil) to Mar. 2024 (¥126 Mil).

Chen Ke Ming Food Manufacturing Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥4 Mil) to Dec. 2022 (¥100 Mil) and increased from Dec. 2022 (¥100 Mil) to Dec. 2023 (¥126 Mil).

Chen Ke Ming Food Manufacturing Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chen Ke Ming Food Manufacturing 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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Chen Ke Ming Food Manufacturing Co Long-Term Capital Lease Obligation Chart

Chen Ke Ming Food Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.76

4.47

100.08

126.09

Chen Ke Ming Food Manufacturing 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															127.30	128.35	132.90	126.09	125.68

Chen Ke Ming Food Manufacturing Co (SZSE:002661) 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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Chen Ke Ming Food Manufacturing Co (SZSE:002661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chen Ke Ming Food Manufacturing Co Ltd (SZSE:002661) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 28, Zhenhua Road, Environmental Protection Technology Industrial Park, Yuhua District, Hunan Province, Changsha, CHN, 410116

Website

http://www.kemen.net.cn

Chen Ke Ming Food Manufacturing Co Ltd is a food manufacturing company in China. It is engaged in the research and development, production, and sale of middle and high-grade fine dried noodles. Its noodles are categories into six series - nutrition, power, high-gluten, gift, children, and other series. The company distributes its products under the brand name CKM.

Executives

Chen Hong	Directors, executives
Chen Yan	Secretary, Director
Yang Bo	Executives
Zhang Bo Dong	Executives
Zhang Xiao	Executives
Li Rui	Executives
Duan Ju Xiang	Director
Zhang Jun Hui	Executives
Chen Ke Zhong	Director
Yang Li Juan	Supervisors
Zhang Mu Lin	Independent director
Li Qing Long	Independent director
Chen Ke Ming	Director
Chen Hui	Director
Wang Yong	Secretary, Director

Chen Ke Ming Food Manufacturing Co (SZSE:002661) Headlines

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