Guangdong Jinming Machinery Co (SZSE:300281) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Mar. 2024)

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What is Guangdong Jinming Machinery Co Long-Term Capital Lease Obligation?

Guangdong Jinming Machinery Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil.

Guangdong Jinming Machinery Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangdong Jinming Machinery 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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Guangdong Jinming Machinery Co Long-Term Capital Lease Obligation Chart

Guangdong Jinming Machinery Co Annual Data

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Long-Term Capital Lease Obligation

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Guangdong Jinming Machinery Co Quarterly Data
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Guangdong Jinming Machinery Co (SZSE:300281) 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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Guangdong Jinming Machinery Co (SZSE:300281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Jinming Machinery Co Ltd (SZSE:300281) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Textile Industrial Park, Haojiang District, Guangdong, Shantou, CHN, 515098

Website

http://www.stjm.com

Guangdong Jinming Machinery Co Ltd is engaged as research and development, design, production, sales and service of membrane production equipment system in intelligent equipment manufacturing.

Executives

Ma Zhen Xin	Director
Feng Yu Sheng	Independent director
Sun Wei Long	Directors, executives
Ceng Guang Ke	Executives
Zhang Yan	Securities Affairs Representative
Liu Shu Lin	Director

Guangdong Jinming Machinery Co (SZSE:300281) Headlines

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