Adama (SZSE:000553) Long-Term Capital Lease Obligation : ¥473 Mil (As of Mar. 2024)

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What is Adama Long-Term Capital Lease Obligation?

Adama's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥473 Mil.

Adama's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥506 Mil) to Dec. 2023 (¥495 Mil) and declined from Dec. 2023 (¥495 Mil) to Mar. 2024 (¥473 Mil).

Adama's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥362 Mil) to Dec. 2022 (¥431 Mil) and increased from Dec. 2022 (¥431 Mil) to Dec. 2023 (¥495 Mil).

Adama Long-Term Capital Lease Obligation Historical Data

The historical data trend for Adama'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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Adama Long-Term Capital Lease Obligation Chart

Adama Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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406.36

379.19

362.09

431.08

495.46

Adama 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															421.09	498.97	506.32	495.46	473.19

Adama (SZSE:000553) 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.

Adama Long-Term Capital Lease Obligation Related Terms

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Adama (SZSE:000553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Adama Ltd (SZSE:000553) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

200553:China

Address

No. 93, East Beijing Road, Hubei, Jingzhou, CHN, 434001

Website

https://www.adama.com

Adama Ltd produces farm chemicals for crop protection. It operates in two segments: Crop Protection and Intermediates & ingredients. The Crop Protection segment includes the manufacture and marketing of conventional agrochemical products and operations in the seeds sector. The intermediates & ingredients segment includes a large number of sub-fields, including Lycopan (an oxidization retardant), aromatic products, and other chemicals. The firm generates the vast majority of its revenue from the Crop Protection segment. Its geographical segments are Europe; Latin America; North America; Africa, Middle East, and India; and the Asia Pacific.

Executives

An Li Ru	Director
Liu Zhi Ming	Executives
Jiang Cheng Gang	Supervisors
Ding Shao Jun	Supervisors
Li Zuo Rong	Director
Xu Bao Jian	Supervisors
Liang Ji Qin	Securities Affairs Representative
Zhang Jian Guo	Supervisors
Liu Xing Ping	Director

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