Tecon Biology Co (SZSE:002100) Long-Term Capital Lease Obligation : ¥409 Mil (As of Mar. 2024)

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What is Tecon Biology Co Long-Term Capital Lease Obligation?

Tecon Biology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥409 Mil.

Tecon Biology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥454 Mil) to Dec. 2023 (¥363 Mil) but then increased from Dec. 2023 (¥363 Mil) to Mar. 2024 (¥409 Mil).

Tecon Biology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥295 Mil) to Dec. 2022 (¥303 Mil) and increased from Dec. 2022 (¥303 Mil) to Dec. 2023 (¥363 Mil).

Tecon Biology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tecon Biology 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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Tecon Biology Co Long-Term Capital Lease Obligation Chart

Tecon Biology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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142.70

294.58

302.54

362.93

Tecon Biology 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															321.55	372.97	453.64	362.93	409.42

Tecon Biology Co (SZSE:002100) 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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Tecon Biology Co (SZSE:002100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tecon Biology Co Ltd (SZSE:002100) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

High-tech Zone in Changchun Road, 528 Tiankang Business Building, Xinjiang, Urumqi, CHN, 830011

Website

http://www.tcsw.com.cn

Tecon Biology Co Ltd is engaged in the production and sales of veterinary biological products and animal disease prevention, modern pig science breeding and breeding, feed research and development and production, and pig slaughtering and processing. The company mainly operates its businesses within domestic markets, with Xinjiang Province as its main market.

Executives

Wang Xiao	Supervisors
Pan Yi Ping	Executives
Xu Heng	Executives
Wu Xiang Yong	Director
Sun Wei Hong	Independent director
Wu Ming Qi	Executives
Wang Xin An	Director
Geng Li Xin	Directors, executives
Che Xin Hui	Supervisors

Tecon Biology Co (SZSE:002100) Headlines

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