Zhejiang Semir Garment Co (SZSE:002563) Long-Term Capital Lease Obligation : ¥132 Mil (As of Mar. 2024)

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What is Zhejiang Semir Garment Co Long-Term Capital Lease Obligation?

Zhejiang Semir Garment Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥132 Mil.

Zhejiang Semir Garment Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥128 Mil) to Dec. 2023 (¥133 Mil) but then declined from Dec. 2023 (¥133 Mil) to Mar. 2024 (¥132 Mil).

Zhejiang Semir Garment Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥291 Mil) to Dec. 2022 (¥183 Mil) and declined from Dec. 2022 (¥183 Mil) to Dec. 2023 (¥133 Mil).

Zhejiang Semir Garment Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Semir Garment 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 Semir Garment Co Long-Term Capital Lease Obligation Chart

Zhejiang Semir Garment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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241.81

291.15

183.25

133.01

Zhejiang Semir Garment 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															178.36	154.82	128.19	133.01	132.37

Zhejiang Semir Garment Co (SZSE:002563) 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 Semir Garment Co (SZSE:002563) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Semir Garment Co Ltd (SZSE:002563) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98, Nanhui Road, Yongqiao Industrial Park, Ouhai District, Zhejiang, Wenzhou, CHN, 325006

Website

http://www.semirbiz.com

Zhejiang Semir Garment Co Ltd produces a series of adult leisure clothing and children's clothes. The company currently has two online branded services - Semir and Balabala. The company offers adult casual wear for an age group of 16 to 30 years and professional and fashionable children's wear for an age group of 0-14 years. The company brands include Semir, Balabala, The Children's Place, Marcolor, It MICHAA, Sarabanda, and others.

Executives

Qiu Guang He	Director
Zhong De Da	Executives
Zhang Hong Liang	Executives
Shao Fei Chun	Director
Xu Bo	Directors, executives
Zhang Wei	Executives
Chen Jia Ning	Executives
Huang Jian Zhong	Executives
Chen Xin Sheng	Directors, executives
Qiu Jian Qiang	Director
Fan Ya Jie	Securities Affairs Representative
Zhou Ping Fan	Directors, executives
Zong Hui Chun	Securities Affairs Representative

Zhejiang Semir Garment Co (SZSE:002563) Headlines

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