Jiangsu Hongdou Industry Co (SHSE:600400) Long-Term Capital Lease Obligation : ¥76 Mil (As of Mar. 2024)

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What is Jiangsu Hongdou Industry Co Long-Term Capital Lease Obligation?

Jiangsu Hongdou Industry Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥76 Mil.

Jiangsu Hongdou Industry Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥67 Mil) to Dec. 2023 (¥62 Mil) but then increased from Dec. 2023 (¥62 Mil) to Mar. 2024 (¥76 Mil).

Jiangsu Hongdou Industry Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥197 Mil) to Dec. 2022 (¥87 Mil) and declined from Dec. 2022 (¥87 Mil) to Dec. 2023 (¥62 Mil).

Jiangsu Hongdou Industry Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiangsu Hongdou Industry 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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Jiangsu Hongdou Industry Co Long-Term Capital Lease Obligation Chart

Jiangsu Hongdou Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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84.74

197.50

86.53

61.67

Jiangsu Hongdou Industry 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															71.54	68.37	67.15	61.67	75.71

Jiangsu Hongdou Industry Co (SHSE:600400) 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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Jiangsu Hongdou Industry Co (SHSE:600400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jiangsu Hongdou Industry Co Ltd (SHSE:600400) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Donggang Town, Xishan District, Jiangsu Province, Wuxi, CHN, 214199

Website

http://www.hongdou.com.cn

Jiangsu Hongdou Industry Co Ltd produces and sells clothing, knitwear and nylon yarn. It is also involved in design, development, and sales of smart wearable devices; shoes, hats, and leather goods , Luggage, eyewear; sales of sanitary ware, daily necessities, cosmetics, hygiene products, stationery, sporting goods, arts and crafts, food, household appliances, electronics, furniture, props, lamps, audio equipment; and books and periodicals.

Executives

Wang Chang Hui	Directors, senior managers
He Xu Li	Supervisors
Yang Qi Sheng	senior management
Ren Lang Ning	Director
Meng Xiao Ping	senior management
Gu Jin Long	Directors, senior managers
Dai Min Jun	Director
Tan Xiao Xia	senior management
Ye Wei	Supervisors
Xu Jian Feng	Supervisors
Gu Yan Chun	Director
Min Jie	Director
Zhou Hong Jiang	Director
Xi Feng	Supervisors
Liu Lian Hong	Director

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