Golden Heaven Group Holdings (Golden Heaven Group Holdings) Long-Term Capital Lease Obligation : $5.81 Mil (As of Sep. 2023)

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What is Golden Heaven Group Holdings Long-Term Capital Lease Obligation?

Golden Heaven Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $5.81 Mil.

Golden Heaven Group Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($6.22 Mil) to Mar. 2023 ($6.25 Mil) but then declined from Mar. 2023 ($6.25 Mil) to Sep. 2023 ($5.81 Mil).

Golden Heaven Group Holdings's annual Long-Term Capital Lease Obligation increased from Sep. 2021 ($5.72 Mil) to Sep. 2022 ($6.22 Mil) but then declined from Sep. 2022 ($6.22 Mil) to Sep. 2023 ($5.81 Mil).

Golden Heaven Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Golden Heaven Group Holdings'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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Golden Heaven Group Holdings Long-Term Capital Lease Obligation Chart

Golden Heaven Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

5.86

5.72

6.22

5.81

Golden Heaven Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			5.72	7.20	6.22	6.25	5.81

Golden Heaven Group Holdings (NAS:GDHG) 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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Golden Heaven Group Holdings (Golden Heaven Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Golden Heaven Group Holdings Ltd (NAS:GDHG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Banhouhaichuan Road, Xiqin Town, Yanping District, Fujian Province, Nanping City, CHN, 353001

Website

http://www.jsyoule.com

Golden Heaven Group Holdings Ltd is an offshore holding company. Through the operating entities in China, It manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. The parks collectively contain nearly 159 rides and attractions. The firm's revenue is primarily generated from selling access to rides and attractions, charging fees for special event rentals, and collecting regular rental payments from commercial tenants.