J-Long Group (J-Long Group) Long-Term Capital Lease Obligation : $0.09 Mil (As of Mar. 2023)

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What is J-Long Group Long-Term Capital Lease Obligation?

J-Long Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.09 Mil.

J-Long Group's quarterly Long-Term Capital Lease Obligation increased from Mar. 2021 ($0.00 Mil) to Mar. 2022 ($0.01 Mil) and increased from Mar. 2022 ($0.01 Mil) to Mar. 2023 ($0.09 Mil).

J-Long Group's annual Long-Term Capital Lease Obligation increased from Mar. 2021 ($0.00 Mil) to Mar. 2022 ($0.01 Mil) and increased from Mar. 2022 ($0.01 Mil) to Mar. 2023 ($0.09 Mil).

J-Long Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for J-Long Group'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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J-Long Group Long-Term Capital Lease Obligation Chart

J-Long Group Annual Data

Trend

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

0.01

0.09

J-Long Group Semi-Annual Data
	Mar21	Mar22	Mar23
Long-Term Capital Lease Obligation	-	0.01	0.09

J-Long Group (NAS:JL) 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.

J-Long Group Long-Term Capital Lease Obligation Related Terms

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J-Long Group (J-Long Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » J-Long Group Ltd (NAS:JL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

32-40 Wang Lung Street, Flat F, 8th Floor, Houston Industrial Building, Tsuen Wan New Territories, Hong Kong, HKG

Website

https://www.j-long.com

J-Long Group Ltd is an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. It also offers a wide range of apparel solution services to cater to its customers' needs for reflective and non-reflective garment trims, ranging from market trend analysis, product design and development and production to quality control.

J-Long Group (J-Long Group) Headlines

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