Sino Prima Gas Technology Co (SZSE:300483) Long-Term Capital Lease Obligation : ¥31 Mil (As of Mar. 2024)

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What is Sino Prima Gas Technology Co Long-Term Capital Lease Obligation?

Sino Prima Gas Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥31 Mil.

Sino Prima Gas Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥34 Mil) to Dec. 2023 (¥30 Mil) but then increased from Dec. 2023 (¥30 Mil) to Mar. 2024 (¥31 Mil).

Sino Prima Gas Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥39 Mil) to Dec. 2022 (¥34 Mil) and declined from Dec. 2022 (¥34 Mil) to Dec. 2023 (¥30 Mil).

Sino Prima Gas Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sino Prima Gas Technology 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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Sino Prima Gas Technology Co Long-Term Capital Lease Obligation Chart

Sino Prima Gas Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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43.73

39.45

33.73

29.85

Sino Prima Gas Technology 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															33.81	33.73	33.73	29.85	31.04

Sino Prima Gas Technology Co (SZSE:300483) 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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Sino Prima Gas Technology Co (SZSE:300483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sino Prima Gas Technology Co Ltd (SZSE:300483) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.5000, Yuanjiang Road, Minhang District, Shanghai, CHN, 201108

Website

http://www.worthgarden.com

Sino Prima Gas Technology Co Ltd formerly Shanghai Worth Garden Co Ltd is a service provider that focuses on the development, production, and sales of gardening products, engineering construction, and greening maintenance. Its products cover all aspects of horticultural life, including thousands of varieties and specifications, and a relatively complete horticultural product system. It offers garden hand tools, such as cutting tools, garden power tools, including lawn mowers, grass and hedge trimmers, and batteries and chargers, and garden watering products.

Executives

Wu Jun Liang

Directors, executives

Sino Prima Gas Technology Co (SZSE:300483) Headlines

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