Muliang Viagoo Technology (Muliang Viagoo Technology) Long-Term Capital Lease Obligation : $0.06 Mil (As of Sep. 2023)

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What is Muliang Viagoo Technology Long-Term Capital Lease Obligation?

Muliang Viagoo Technology's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.06 Mil.

Muliang Viagoo Technology's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($0.07 Mil) to Jun. 2023 ($0.06 Mil) but then stayed the same from Jun. 2023 ($0.06 Mil) to Sep. 2023 ($0.06 Mil).

Muliang Viagoo Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.14 Mil) but then declined from Dec. 2021 ($0.14 Mil) to Dec. 2022 ($0.07 Mil).

Muliang Viagoo Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Muliang Viagoo Technology'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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Muliang Viagoo Technology Long-Term Capital Lease Obligation Chart

Muliang Viagoo Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.14

0.07

Muliang Viagoo Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.09	0.07	0.07	0.06	0.06

Muliang Viagoo Technology (OTCPK:MULG) 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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Muliang Viagoo Technology (Muliang Viagoo Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Muliang Viagoo Technology Inc (OTCPK:MULG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

2498 Wanfeng Highway, Lane 181, Fengjing Town, Jinshan District, Shanghai, CHN, 201501

Website

http://www.cmuliang.com

Muliang Viagoo Technology Inc is in the business of developing, manufacturing, and selling organic fertilizers and bio-organic fertilizers for use in the agricultural industry in the Peoples Republic of China. The company has a fertilizer plant in Weiha City. It is also engaged in the sales of agricultural products in the Peoples' Republic of China.

Muliang Viagoo Technology (Muliang Viagoo Technology) Headlines

From GuruFocus

Muliang Agritech, Inc. Announces Acquisition of Viagoo Pte Ltd.

By Marketwired Marketwired • 06-26-2020