Winall Hi-tech Seed Co (SZSE:300087) Long-Term Capital Lease Obligation : ¥273 Mil (As of Mar. 2024)

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What is Winall Hi-tech Seed Co Long-Term Capital Lease Obligation?

Winall Hi-tech Seed Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥273 Mil.

Winall Hi-tech Seed Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥282 Mil) to Dec. 2023 (¥288 Mil) but then declined from Dec. 2023 (¥288 Mil) to Mar. 2024 (¥273 Mil).

Winall Hi-tech Seed Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥58 Mil) to Dec. 2022 (¥309 Mil) but then declined from Dec. 2022 (¥309 Mil) to Dec. 2023 (¥288 Mil).

Winall Hi-tech Seed Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Winall Hi-tech Seed 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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Winall Hi-tech Seed Co Long-Term Capital Lease Obligation Chart

Winall Hi-tech Seed Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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18.18

57.67

309.21

287.87

Winall Hi-tech Seed 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															297.06	282.13	281.92	287.87	272.56

Winall Hi-tech Seed Co (SZSE:300087) 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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Winall Hi-tech Seed Co (SZSE:300087) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Winall Hi-tech Seed Co Ltd (SZSE:300087) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Tian Chi Road, Hefei High-tech Industrial Development Zone No 3, Hefei, CHN, 230088

Website

http://www.winallseed.com

Winall Hi-tech Seed Co Ltd is a seed company. It is engaged in the breeding of various crop seeds in China. The company produces hybrid rice varieties from double cropping; and three-line two-line hybrid rice varieties, as well as corn, wheat, cottonseed oil, vegetables, west melon, pumpkin, and other crop seeds.

Executives

Zhang Qin	Directors, executives
Jiang San Qiao	Executives
Zhang Cong He	Executives
Zhu Quan Gui	Executives
Gao Sheng Cong	Executives
Jia Gui Lan	Director
Chen Jin Jie	Director
Wang Jin	Directors, executives
Feng Qi	Supervisors
Xu Wen Jian	Director
Gao Jian	Director
Wang Qun	Executives
Li Cheng Quan	Director
Jiang Xiao Min	Supervisors

Winall Hi-tech Seed Co (SZSE:300087) Headlines

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