Kingclean Electric Co (SHSE:603355) Long-Term Capital Lease Obligation : ¥37 Mil (As of Mar. 2024)

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What is Kingclean Electric Co Long-Term Capital Lease Obligation?

Kingclean Electric Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥37 Mil.

Kingclean Electric Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥44 Mil) to Dec. 2023 (¥39 Mil) and declined from Dec. 2023 (¥39 Mil) to Mar. 2024 (¥37 Mil).

Kingclean Electric Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥58 Mil) to Dec. 2022 (¥64 Mil) but then declined from Dec. 2022 (¥64 Mil) to Dec. 2023 (¥39 Mil).

Kingclean Electric Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kingclean Electric 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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Kingclean Electric Co Long-Term Capital Lease Obligation Chart

Kingclean Electric Co Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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9.96

58.19

64.30

38.79

Kingclean Electric 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															56.02	50.04	43.98	38.79	37.14

Kingclean Electric Co (SHSE:603355) 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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Kingclean Electric Co (SHSE:603355) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Kingclean Electric Co Ltd (SHSE:603355) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Number 1 Xiangyang Road, Suzhou New District, Jiangsu Province, Suzhou, CHN, 215009

Website

http://www.kingclean.com

Kingclean Electric Co Ltd is a China-based company engaged in manufacturing and selling of vacuum cleaners. It also offers garden tools, car motor, hard floor polisher, carpet washer and small home appliances like food cooking machine, juicer, and soymilk maker. The company operates three categories of its core business, High-speed motor and automobile motor, Cleaning appliance and kitchen appliance, and Garden tool products.

Executives

Han Jian	Director
Ni Zu Gen	Director
Wang Ping Ping	Director

Kingclean Electric Co (SHSE:603355) Headlines

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