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Anbangve-Guard Group Co (SHSE:603373) Long-Term Capital Lease Obligation : ¥82 Mil (As of Mar. 2024)


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What is Anbangve-Guard Group Co Long-Term Capital Lease Obligation?

Anbangve-Guard Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥82 Mil.

Anbangve-Guard Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥76 Mil) to Dec. 2023 (¥99 Mil) but then declined from Dec. 2023 (¥99 Mil) to Mar. 2024 (¥82 Mil).

Anbangve-Guard Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0 Mil) to Dec. 2022 (¥86 Mil) and increased from Dec. 2022 (¥86 Mil) to Dec. 2023 (¥99 Mil).


Anbangve-Guard Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Anbangve-Guard Group 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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Anbangve-Guard Group Co Long-Term Capital Lease Obligation Chart

Anbangve-Guard Group Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial - 125.90 - 86.03 98.50

Anbangve-Guard Group Co Quarterly Data
Dec18 Dec19 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 78.30 76.13 98.50 82.05

Anbangve-Guard Group Co  (SHSE:603373) 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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Anbangve-Guard Group Co (SHSE:603373) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 6 Fenghua Road, Zhuantang Street, Floor E8, Zhijiang Fortune Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310024
Anbang Save-Guard Group Co Ltd is engaged in providing financial security services, comprehensive security services and security emergency services.

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