ABA Chemicals (SZSE:300261) Long-Term Capital Lease Obligation : ¥24 Mil (As of Mar. 2024)

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What is ABA Chemicals Long-Term Capital Lease Obligation?

ABA Chemicals's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥24 Mil.

ABA Chemicals's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥18 Mil) to Dec. 2023 (¥27 Mil) but then declined from Dec. 2023 (¥27 Mil) to Mar. 2024 (¥24 Mil).

ABA Chemicals's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥13 Mil) to Dec. 2022 (¥15 Mil) and increased from Dec. 2022 (¥15 Mil) to Dec. 2023 (¥27 Mil).

ABA Chemicals Long-Term Capital Lease Obligation Historical Data

The historical data trend for ABA Chemicals'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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ABA Chemicals Long-Term Capital Lease Obligation Chart

ABA Chemicals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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16.74

13.18

15.41

26.65

ABA Chemicals 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															18.33	18.70	17.58	26.65	24.19

ABA Chemicals (SZSE:300261) 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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ABA Chemicals (SZSE:300261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ABA Chemicals Corp (SZSE:300261) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 18 Dongfang East Road, Port Development Zone, Taicang Port, Petrochemical District, Jiangsu Province, Shanghai, CHN, 215433

Website

http://www.abachem.com

ABA Chemicals Corp is a Chinese company integrating research and development, production and sales in the field of life sciences. It is principally engaged in the production of advanced intermediates, active pharmaceutical ingredients (APIs), and pesticide products. Some of the products offered by the company are Acridine, Snail, Fluorourea, Pentanoyl chloride, Fondaparinux, and Levetiracetam.

Executives

Han Xue	Supervisors
Huang Liang	Supervisors
Ma Li Fan	Directors, executives
Cai Tong	Directors, executives
Mao Hai Feng	Directors, executives
Wang Zhuo Ying	Directors, Directors, and Executives
Han Jie	Supervisors
Liu Zhi Hui	Supervisors
Yang Ji Dong	Supervisors
Zhu Pei Fang	Securities Affairs Representative
Li Hang	Supervisors
Li Yuan Xing	Executives
	Executives
Qin Dong Guang	Executives
Wang Sheng Hong	Director

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