Jiangsu Toland Alloy Co (SZSE:300855) Long-Term Capital Lease Obligation : ¥0 Mil (As of Mar. 2024)

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What is Jiangsu Toland Alloy Co Long-Term Capital Lease Obligation?

Jiangsu Toland Alloy Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil.

Jiangsu Toland Alloy Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0 Mil) to Dec. 2022 (¥1 Mil) but then declined from Dec. 2022 (¥1 Mil) to Dec. 2023 (¥0 Mil).

Jiangsu Toland Alloy Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiangsu Toland Alloy 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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Jiangsu Toland Alloy Co Long-Term Capital Lease Obligation Chart

Jiangsu Toland Alloy Co Annual Data

Trend

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Long-Term Capital Lease Obligation

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1.18

Jiangsu Toland Alloy 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															0.86	0.52	-	-	-

Jiangsu Toland Alloy Co (SZSE:300855) 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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Jiangsu Toland Alloy Co (SZSE:300855) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Toland Alloy Co Ltd (SZSE:300855) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.1 Junmin West Road, Yuncheng Canal, Lucheng Town, Jiangsu Province, Danyang, CHN, 212352

Website

http://www.toland-alloy.com

Jiangsu Toland Alloy Co Ltd is engaged in the production and sales of high-performance alloys, precision alloys, special stainless steel and other high-performance alloy materials and their products. The company manufactures, smelts, processes, and sells high-temperature alloys, precision alloys, nickel-chromium materials, high-resistance electrothermal alloys, high-speed tool steels, stainless steels, heat-resistant steels and their products.

Executives

Zhang Tao	Supervisors
Wan Jie	Directors, Directors, and Executives
Yuan Suo Jun	Directors, executives

Jiangsu Toland Alloy Co (SZSE:300855) Headlines

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