Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) Long-Term Capital Lease Obligation : ¥26 Mil (As of Mar. 2024)

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What is Shandong Huatai Paper Industry Shareholding Co Long-Term Capital Lease Obligation?

Shandong Huatai Paper Industry Shareholding Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥26 Mil.

Shandong Huatai Paper Industry Shareholding Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥25 Mil) to Dec. 2023 (¥17 Mil) but then increased from Dec. 2023 (¥17 Mil) to Mar. 2024 (¥26 Mil).

Shandong Huatai Paper Industry Shareholding Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥13 Mil) to Dec. 2022 (¥19 Mil) but then declined from Dec. 2022 (¥19 Mil) to Dec. 2023 (¥17 Mil).

Shandong Huatai Paper Industry Shareholding Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shandong Huatai Paper Industry Shareholding 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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Shandong Huatai Paper Industry Shareholding Co Long-Term Capital Lease Obligation Chart

Shandong Huatai Paper Industry Shareholding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.53

12.63

19.39

16.67

Shandong Huatai Paper Industry Shareholding 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															19.10	26.15	25.33	16.67	25.99

Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) 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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Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shandong Huatai Paper Industry Shareholding Co Ltd (SHSE:600308) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Dawang Town, Guangrao County, Shandong Province, Dongying, CHN, 257335

Website

http://www.huataipaper.com

Shandong Huatai Paper Industry Shareholding Co Ltd is engaged in the manufacture and distribution of paper products and related chemical products. The groups main products are high-grade newspaper, high-grade coated paper, double adhesive tape, light adhesive tape, new textbook paper, super pressure More than 100 kinds of papers such as glossy paper, electrostatic copy paper and household paper, and more than 20 kinds of chemical products such as liquid chlorine, caustic soda and hydrogen peroxide. Geographically it operates through the region of China.

Executives

Sun Ya Jun	senior management
Wei Wen Guang	Director
Chi Yu Xiang	senior management
Li Gang	Director
Li Xiao Liang	Director
Wei Li Jun	Director
Xie Shi Bing	Supervisors
Li Li	Supervisors
Zhu Wan Liang	Director
Zhang Feng Shan	Supervisors
Ren Wen Tao	Supervisors
Li Guo Shun	Director
Chen Guo Ying	senior management
Zhu Yan Ming	Supervisors
Li Jian Hua	Director

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