Cnnc Hua Yuan Titanium Dioxide Co (SZSE:002145) Long-Term Capital Lease Obligation : ¥21 Mil (As of Mar. 2024)

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What is Cnnc Hua Yuan Titanium Dioxide Co Long-Term Capital Lease Obligation?

Cnnc Hua Yuan Titanium Dioxide Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥21 Mil.

Cnnc Hua Yuan Titanium Dioxide Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥20 Mil) to Dec. 2023 (¥23 Mil) but then declined from Dec. 2023 (¥23 Mil) to Mar. 2024 (¥21 Mil).

Cnnc Hua Yuan Titanium Dioxide Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥28 Mil) to Dec. 2022 (¥19 Mil) but then increased from Dec. 2022 (¥19 Mil) to Dec. 2023 (¥23 Mil).

Cnnc Hua Yuan Titanium Dioxide Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cnnc Hua Yuan Titanium Dioxide 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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Cnnc Hua Yuan Titanium Dioxide Co Long-Term Capital Lease Obligation Chart

Cnnc Hua Yuan Titanium Dioxide Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.55

27.71

19.45

23.19

Cnnc Hua Yuan Titanium Dioxide 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															25.31	21.50	20.34	23.19	21.49

Cnnc Hua Yuan Titanium Dioxide Co (SZSE:002145) 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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Cnnc Hua Yuan Titanium Dioxide Co (SZSE:002145) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Cnnc Hua Yuan Titanium Dioxide Co Ltd (SZSE:002145) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Number 8 Xingfu Road, Zhangjing Industrial Park, Xibei Town, Xishan District, Jiangsu Province, Wuxi, CHN, 214194

Website

http://www.sinotio2.com

Cnnc Hua Yuan Titanium Dioxide Co Ltd engages in the production, marketing, and service of titanium dioxide powder in China and internationally. Its products are used in the coating, printing ink, décor paper/laminate, and plastic industries.

Executives

Shen Xin	Director
Han Yu Chen	Secretary, Director
Yuan Qiu Li	Directors, executives
Hu Yue Han	Director
Mei Ke Chun	Directors, executives
Fan Xi Cheng	Director
Qiu Bei	Directors, executives
You Cui Chun	Directors, executives
Hu Jian Long	Director
Li Jian Feng	Directors, executives
Chen Fu Qiang	Director
Wang Xiong Ya	Supervisors
Jian Fu Ren	Supervisors
Xin Cheng Xiang	Supervisors

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