Suofeiya Home Collection Co (SZSE:002572) Long-Term Capital Lease Obligation : ¥33 Mil (As of Mar. 2024)

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What is Suofeiya Home Collection Co Long-Term Capital Lease Obligation?

Suofeiya Home Collection Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥33 Mil.

Suofeiya Home Collection Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥55 Mil) to Dec. 2023 (¥43 Mil) and declined from Dec. 2023 (¥43 Mil) to Mar. 2024 (¥33 Mil).

Suofeiya Home Collection Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥78 Mil) to Dec. 2022 (¥66 Mil) and declined from Dec. 2022 (¥66 Mil) to Dec. 2023 (¥43 Mil).

Suofeiya Home Collection Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Suofeiya Home Collection 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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Suofeiya Home Collection Co Long-Term Capital Lease Obligation Chart

Suofeiya Home Collection Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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84.54

78.25

66.00

42.95

Suofeiya Home Collection 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															62.95	58.62	55.49	42.95	33.42

Suofeiya Home Collection Co (SZSE:002572) 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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Suofeiya Home Collection Co (SZSE:002572) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Suofeiya Home Collection Co Ltd (SZSE:002572) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Ningxi Industrial Park, Xintang Town, Zengcheng District, Guangdong Province, Guangzhou, CHN, 511358

Website

https://www.sfygroup.com/

Suofeiya Home Collection Co Ltd is a China-based company, engaged in manufacturing, development, and sale of customized wardrobes and other related furniture. It is also involved in providing other professional services such as design and installation in a timely manner.

Executives

Ke Jian Sheng	Director
Pan Wen Shan	Secretary, Director
Wang Biao	Directors, executives
Jiang Gan Jun	Director
Chen Guo Wei	Executives
Chen Jian Zhong	Executives
Chen Man Qi	Securities Affairs Representative
Zhang Ting	Executives
Chen Ming	Directors, executives

Suofeiya Home Collection Co (SZSE:002572) Headlines

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