Fulongma Group Co (SHSE:603686) Long-Term Capital Lease Obligation : ¥32 Mil (As of Mar. 2024)

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What is Fulongma Group Co Long-Term Capital Lease Obligation?

Fulongma Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥32 Mil.

Fulongma Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥32 Mil) to Dec. 2023 (¥27 Mil) but then increased from Dec. 2023 (¥27 Mil) to Mar. 2024 (¥32 Mil).

Fulongma Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥28 Mil) to Dec. 2022 (¥27 Mil) and declined from Dec. 2022 (¥27 Mil) to Dec. 2023 (¥27 Mil).

Fulongma Group Co Long-Term Capital Lease Obligation Historical Data

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

Fulongma Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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23.69

27.91

27.42

27.34

Fulongma Group 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															26.35	24.41	31.63	27.34	31.79

Fulongma Group Co (SHSE:603686) 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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Fulongma Group Co (SHSE:603686) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fulongma Group Co Ltd (SHSE:603686) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 42, Longteng South Road, Donghua Community, Dongxiao Town, Xinluo District, Fujian Province, Longyan, CHN, 364028

Website

http://www.fjlm.com.cn

Fulongma Group Co Ltd supplies Chinese professionalization environmental sanitation equipment. The company is engaged in the research and development, production, selling, and services of the specialized cleaning vehicle, garbage, collecting and transporting vehicle and other equipment that are mainly used in the environmental sanitation department, municipal works, and road cleaning. Some of its products are Sweeping and Clean-keeping series, Garbage collection, and others.

Executives

Shen Jia Qing	Supervisors
Zhang Gui Feng	Director
Yang Yu Zhong	Directors, senior managers
Li Xiao Bing	Director
Li Kai Sen	Supervisors
Lin Hong Zhen	senior management
Bai Yun Long	senior management
Zhang Gui Chao	Directors, senior managers
Ceng En Hua	senior management
Chen Jing Jie	Director
Rong Min Long	senior management
Liao Jian He	senior management
Chen Yong Qi	senior management
Lin Zhen	Supervisors

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