Hangzhou Huawang New Material Technology Co (SHSE:605377) Long-Term Capital Lease Obligation : ¥2 Mil (As of Mar. 2024)

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What is Hangzhou Huawang New Material Technology Co Long-Term Capital Lease Obligation?

Hangzhou Huawang New Material Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2 Mil.

Hangzhou Huawang New Material Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥4 Mil) to Dec. 2023 (¥2 Mil) and declined from Dec. 2023 (¥2 Mil) to Mar. 2024 (¥2 Mil).

Hangzhou Huawang New Material Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥1 Mil) to Dec. 2022 (¥4 Mil) but then declined from Dec. 2022 (¥4 Mil) to Dec. 2023 (¥2 Mil).

Hangzhou Huawang New Material Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hangzhou Huawang New Material Technology 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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Hangzhou Huawang New Material Technology Co Long-Term Capital Lease Obligation Chart

Hangzhou Huawang New Material Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.17

0.60

3.50

1.82

Hangzhou Huawang New Material Technology 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															3.53	3.66	3.66	1.82	1.80

Hangzhou Huawang New Material Technology Co (SHSE:605377) 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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Hangzhou Huawang New Material Technology Co (SHSE:605377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Hangzhou Huawang New Material Technology Co Ltd (SHSE:605377) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 18, Binhe North Road, Qingshanhu Street, Lin'an District, Zhejiang Province, Hangzhou, CHN, 311305

Website

http://www.hwpaper.cn

Hangzhou Huawang New Material Technology Co Ltd is engaged in the production and sales of printable decorative base paper and plain decorative base paper, as well as wood pulp trading business.

Executives

Zhang Yan Cheng	Director
Tou Jiang Hao	Director
Tou Zheng Liang	Director
Li Xiao Ping	Director
Ge Li Fang	Directors, senior managers
Wu Hai Biao	Directors, senior managers
Chen Lei	senior management
Huang Ya Fen	senior management
Zheng Xiang Ling	Supervisors
Wu Guan You	Supervisors
Wang Shi Min	Supervisors

Hangzhou Huawang New Material Technology Co (SHSE:605377) Headlines

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