Fujian Acetron New Materials Co (SZSE:300706) Long-Term Capital Lease Obligation : ¥1 Mil (As of Mar. 2024)

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What is Fujian Acetron New Materials Co Long-Term Capital Lease Obligation?

Fujian Acetron New Materials Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil.

Fujian Acetron New Materials Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0 Mil) to Dec. 2023 (¥1 Mil) and increased from Dec. 2023 (¥1 Mil) to Mar. 2024 (¥1 Mil).

Fujian Acetron New Materials Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0 Mil) to Dec. 2022 (¥1 Mil) and increased from Dec. 2022 (¥1 Mil) to Dec. 2023 (¥1 Mil).

Fujian Acetron New Materials Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fujian Acetron New Materials 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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Fujian Acetron New Materials Co Long-Term Capital Lease Obligation Chart

Fujian Acetron New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.12

0.06

0.86

0.96

Fujian Acetron New Materials 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															0.05	0.74	0.49	0.96	0.99

Fujian Acetron New Materials Co (SZSE:300706) 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.

Fujian Acetron New Materials Co Long-Term Capital Lease Obligation Related Terms

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Fujian Acetron New Materials Co (SZSE:300706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Fujian Acetron New Materials Co Ltd (SZSE:300706) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Hangcheng Street, No.169, Taipingli, Qinjiang Village, Fujian Province, Changle, CHN, 350200

Website

http://www.acetron.com.cn

Fujian Acetron New Materials Co Ltd is engaged in research and development, production and sale of coating materials. The company mainly produces vacuum evaporation and sputter coating materials for optics, semiconductors, flat-panel displays and surface decoration. Its products are widely used in flat panel display, optical components, energy-saving glass and other fields. The company's products are distributed all over the world and are primarily exported to the developed countries such as Japan, the United States, Germany and Korea.

Executives

Chen Zheng Wei	Director
Chen Qin Zhong	Directors, executives
Chen Ben Song	Directors, executives

Fujian Acetron New Materials Co (SZSE:300706) Headlines

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