Henan Tong-Da Cable Co (SZSE:002560) Long-Term Capital Lease Obligation : ¥37 Mil (As of Mar. 2024)

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What is Henan Tong-Da Cable Co Long-Term Capital Lease Obligation?

Henan Tong-Da Cable Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥37 Mil.

Henan Tong-Da Cable Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥38 Mil) to Dec. 2023 (¥33 Mil) but then increased from Dec. 2023 (¥33 Mil) to Mar. 2024 (¥37 Mil).

Henan Tong-Da Cable Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥2 Mil) to Dec. 2022 (¥30 Mil) and increased from Dec. 2022 (¥30 Mil) to Dec. 2023 (¥33 Mil).

Henan Tong-Da Cable Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Henan Tong-Da Cable 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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Henan Tong-Da Cable Co Long-Term Capital Lease Obligation Chart

Henan Tong-Da Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

1.50

29.53

33.14

Henan Tong-Da Cable 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															29.39	28.50	38.28	33.14	37.02

Henan Tong-Da Cable Co (SZSE:002560) 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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Henan Tong-Da Cable Co (SZSE:002560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Henan Tong-Da Cable Co Ltd (SZSE:002560) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Shijiawan Industrial Zone, Henan, Yanshi, CHN, 471922

Website

http://www.hntddl.com

Henan Tong-Da Cable Co Ltd is engaged in the research, development, and production of wires and cables. The products of the company include home improvement green wire, overhead bare wire, overhead insulated wire, and control cable.

Executives

Liu Zhi Jian	Secretary Dong
Yan Wen Ge	Executives
Qu Hong Pu	Directors, executives
Shi Wan Fu	Director
Li Gao Jie	Securities Affairs Representative
Cai Xiao Xian	Supervisors
Zhang Zhi Zhong	Directors, Directors, and Executives
Ma Yan Hong	Supervisors
Shao Xue Liang	Directors, executives

Henan Tong-Da Cable Co (SZSE:002560) Headlines

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