Shenzhen Zhongheng Huafa Co (SZSE:000020) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Mar. 2024)

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What is Shenzhen Zhongheng Huafa Co Long-Term Capital Lease Obligation?

Shenzhen Zhongheng Huafa Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil.

Shenzhen Zhongheng Huafa Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥0.1 Mil) to Dec. 2022 (¥0.0 Mil) but then stayed the same from Dec. 2022 (¥0.0 Mil) to Dec. 2023 (¥0.0 Mil).

Shenzhen Zhongheng Huafa Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shenzhen Zhongheng Huafa 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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Shenzhen Zhongheng Huafa Co Long-Term Capital Lease Obligation Chart

Shenzhen Zhongheng Huafa Co Annual Data

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Long-Term Capital Lease Obligation

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Shenzhen Zhongheng Huafa Co Quarterly Data
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Shenzhen Zhongheng Huafa Co (SZSE:000020) 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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Shenzhen Zhongheng Huafa Co (SZSE:000020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Zhongheng Huafa Co Ltd (SZSE:000020) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

200020:China

Address

6th Floor, East Block, 411 Building, Huafa (N) Road, Futian District, Guangdong Province, Shenzhen, CHN, 518031

Website

http://www.hwafa.com.cn

Shenzhen Zhongheng Huafa Co Ltd operates in two business industrial and property management. The industrial business mainly includes injection molding, polylon (light-weight packaging materials), and complete machine production and sales of liquid crystal display, and property management business is mainly the lease of its own property. The company engages in producing and sales of vary color TV set, liquid crystal display, LCD, radio-recorder, sound equipment, electronic watch, electronic game and computers, the printed wiring board, precision injection parts, light packaging material and hardware (including tool and mould) for various electronic products and supporting parts, plating and surface treatment and tin wire, development and operation of real estate and property management.

Executives

Huang Yan Bo	Supervisors
Tang Gan Yu	Executives

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