Zhejiang Shengda Bio-Pharm Co (SHSE:603079) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Mar. 2024)

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What is Zhejiang Shengda Bio-Pharm Co Long-Term Capital Lease Obligation?

Zhejiang Shengda Bio-Pharm Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil.

Zhejiang Shengda Bio-Pharm Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥0.3 Mil) to Dec. 2023 (¥0.0 Mil) but then stayed the same from Dec. 2023 (¥0.0 Mil) to Mar. 2024 (¥0.0 Mil).

Zhejiang Shengda Bio-Pharm Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥0.9 Mil) to Dec. 2022 (¥0.3 Mil) and declined from Dec. 2022 (¥0.3 Mil) to Dec. 2023 (¥0.0 Mil).

Zhejiang Shengda Bio-Pharm Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Shengda Bio-Pharm 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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Zhejiang Shengda Bio-Pharm Co Long-Term Capital Lease Obligation Chart

Zhejiang Shengda Bio-Pharm Co Annual Data

Trend

Dec14

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Dec20

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Dec23

Long-Term Capital Lease Obligation

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1.43

0.87

0.30

Zhejiang Shengda Bio-Pharm 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															0.30	0.23	0.31	-	-

Zhejiang Shengda Bio-Pharm Co (SHSE:603079) 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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Zhejiang Shengda Bio-Pharm Co (SHSE:603079) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Shengda Bio-Pharm Co Ltd (SHSE:603079) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.789, Renmin East Road, Chicheng Street, Tiantai County, Zhejiang Province, Hangzhou, CHN, 317200

Website

http://www.sd-pharm.com

Zhejiang Shengda Bio-Pharm Co Ltd is a pharmaceutical company. It is mainly engaged in the research and development, and production of biotin and biological preservatives. Its product portfolio includes biotin, folic acid and other vitamin products, as well as nisin and natamycin.

Executives

Pang Ai Ming	Director
Zhu Yong Gang	Director

Zhejiang Shengda Bio-Pharm Co (SHSE:603079) Headlines

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