Hunan Silver Co (SZSE:002716) Long-Term Capital Lease Obligation : ¥12 Mil (As of Mar. 2024)

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What is Hunan Silver Co Long-Term Capital Lease Obligation?

Hunan Silver Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥12 Mil.

Hunan Silver Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥14 Mil) to Dec. 2023 (¥13 Mil) and declined from Dec. 2023 (¥13 Mil) to Mar. 2024 (¥12 Mil).

Hunan Silver Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥1 Mil) to Dec. 2022 (¥0 Mil) but then increased from Dec. 2022 (¥0 Mil) to Dec. 2023 (¥13 Mil).

Hunan Silver Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hunan Silver 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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Hunan Silver Co Long-Term Capital Lease Obligation Chart

Hunan Silver Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.17

0.51

0.43

12.64

Hunan Silver 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															0.50	15.00	14.31	12.64	12.41

Hunan Silver Co (SZSE:002716) 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.

Hunan Silver Co Long-Term Capital Lease Obligation Related Terms

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Hunan Silver Co (SZSE:002716) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hunan Silver Co Ltd (SZSE:002716) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 680, Nanling Avenue, Jingui Building, Beihu District, Hunan Province, Chenzhou, CHN

Website

http://www.jingui-silver.com

Chenzhou City Jingui Silver Industry Co Ltd is a Chinese company engaged in the production and operation of silver and deep processing of silver. The company has the silver smelting and deep processing technology through which it produces silver products and other metals. The company offers silver nitrate, tellurium, gold, indium, copper, bismuth, antimony ingot, zinc and lead ingots.

Executives

Liu Cheng Meng	Directors, executives
Meng Jian Yi	Executives
Cao Yong De	Directors, executives
Zhang Ping Xi	Directors, executives
Zhang Xiao Hui	Supervisors
Xu Jun	Director
Feng Yuan Fa	Supervisors
Ma Shui Rong	Supervisors
Xiong De Qiang	Executives
Chen Zhan Qi	Directors, executives
Cao Yong Gui	Director
Xie Zhao Feng	Executives
Tan Wen Qing	Independent director

Hunan Silver Co (SZSE:002716) Headlines

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