Fujiannmu Group Co (SZSE:000632) Long-Term Capital Lease Obligation : ¥1 Mil (As of Mar. 2024)

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

Fujiannmu Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil.

Fujiannmu Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥2 Mil) to Dec. 2023 (¥1 Mil) and declined from Dec. 2023 (¥1 Mil) to Mar. 2024 (¥1 Mil).

Fujiannmu Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥5 Mil) to Dec. 2022 (¥3 Mil) and declined from Dec. 2022 (¥3 Mil) to Dec. 2023 (¥1 Mil).

Fujiannmu Group Co Long-Term Capital Lease Obligation Historical Data

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

Fujiannmu Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.89

4.86

3.16

1.49

Fujiannmu 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															2.72	1.75	1.72	1.49	1.38

Fujiannmu Group Co (SZSE:000632) 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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Fujiannmu Group Co (SZSE:000632) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fujian Sanmu Group Co Ltd (SZSE:000632) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 162, Junzhu Road, Development Zone, Fujian Province, Fuzhou, CHN, 350009

Website

http://www.san-mu.com

Fujian Sanmu Group Co Ltd is engaged in real estate development, operating property, operation management, and import and export trade.

Executives

Lu Shao Hui	Independent director
Gao Xu Bin	Directors, executives
Xie Ming Feng	Executives
Zhao Zheng	Supervisors
Chen Ming Sen	Independent director
Wang Han	Secretary Dong
Zheng Hui Chuan	Executives
Cai Qin Ming	Directors, executives
Liu Feng	Executives
Lan Juan	Director
Lin Hong	Director
Zheng Xing Guang	Directors, executives
Li Jian Na	Supervisors
Zhang Hong Jian	Supervisors

Fujiannmu Group Co (SZSE:000632) Headlines

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