Zhejiang Weixing New Building Materials Co (SZSE:002372) Long-Term Capital Lease Obligation : ¥11 Mil (As of Mar. 2024)

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What is Zhejiang Weixing New Building Materials Co Long-Term Capital Lease Obligation?

Zhejiang Weixing New Building Materials Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥11 Mil.

Zhejiang Weixing New Building Materials Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥15 Mil) to Dec. 2023 (¥12 Mil) and declined from Dec. 2023 (¥12 Mil) to Mar. 2024 (¥11 Mil).

Zhejiang Weixing New Building Materials Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥7 Mil) to Dec. 2022 (¥10 Mil) and increased from Dec. 2022 (¥10 Mil) to Dec. 2023 (¥12 Mil).

Zhejiang Weixing New Building Materials Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Weixing New Building Materials 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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Zhejiang Weixing New Building Materials Co Long-Term Capital Lease Obligation Chart

Zhejiang Weixing New Building Materials Co Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.17

10.24

11.69

Zhejiang Weixing New Building Materials 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															12.03	11.14	15.26	11.69	10.67

Zhejiang Weixing New Building Materials Co (SZSE:002372) 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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Zhejiang Weixing New Building Materials Co (SZSE:002372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Weixing New Building Materials Co Ltd (SZSE:002372) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Linhai Economic Development Zone, Zhejiang, Taizhou, CHN, 317000

Website

https://www.vasen.com

Zhejiang Weixing New Building Materials Co Ltd is a China-based company engaged in manufacturing and processing plastic pipe, new building materials, raw and auxiliary accessories, sanitary ware, water meters and valves. Its brands consist of Weixing, annette, and KALE.

Executives

Jin Hong Yang	Directors, executives
Qi Jin Xiu	Executives
Xie Jin Kun	Director
Chen An Men	Executives
Zhang San Yun	Director
Li Xiao Ming	Securities Affairs Representative
Zhang Ka Peng	Director
Chen Guo Gui	Supervisors
Shi Guo Jun	Executives
Qu San Lu	Executives

Zhejiang Weixing New Building Materials Co (SZSE:002372) Headlines

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