Fujian Highton Development Co (SHSE:603162) Long-Term Capital Lease Obligation : ¥301 Mil (As of Mar. 2024)

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What is Fujian Highton Development Co Long-Term Capital Lease Obligation?

Fujian Highton Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥301 Mil.

Fujian Highton Development Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥175 Mil) to Dec. 2023 (¥348 Mil) but then declined from Dec. 2023 (¥348 Mil) to Mar. 2024 (¥301 Mil).

Fujian Highton Development Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥501 Mil) to Dec. 2022 (¥208 Mil) but then increased from Dec. 2022 (¥208 Mil) to Dec. 2023 (¥348 Mil).

Fujian Highton Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fujian Highton Development 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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Fujian Highton Development Co Long-Term Capital Lease Obligation Chart

Fujian Highton Development Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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513.96

500.92

208.31

347.95

Fujian Highton Development Co Quarterly Data
	Dec13	Jun14	Dec14	Jun15	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											21.40	188.99	174.81	347.95	301.04

Fujian Highton Development Co (SHSE:603162) 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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Fujian Highton Development Co (SHSE:603162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fujian Highton Development Co Ltd (SHSE:603162) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Jinjingwan Business Operation Center, Room 1705-2, Floor 17, Building 3, Pingtan Comprehensive Experimental Zone, Fujian Province, CHN, 350401

Website

http://www.fj-highton.com

Fujian Highton Development Co Ltd is mainly engaged in domestic coastal and international ocean shipping of dry bulk cargo.

Executives

Zheng Yu Fang	Directors, senior managers
Ceng Er Bin	Director
Le Jun Jie	Director
Huang Tian Tian	senior management
Liu Guo Yong	Directors, senior managers

Fujian Highton Development Co (SHSE:603162) Headlines

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