Xiamen Kingdomway Group Co (SZSE:002626) Long-Term Capital Lease Obligation : ¥210 Mil (As of Mar. 2024)

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What is Xiamen Kingdomway Group Co Long-Term Capital Lease Obligation?

Xiamen Kingdomway Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥210 Mil.

Xiamen Kingdomway Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥229 Mil) to Dec. 2023 (¥215 Mil) and declined from Dec. 2023 (¥215 Mil) to Mar. 2024 (¥210 Mil).

Xiamen Kingdomway Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥267 Mil) to Dec. 2022 (¥252 Mil) and declined from Dec. 2022 (¥252 Mil) to Dec. 2023 (¥215 Mil).

Xiamen Kingdomway Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xiamen Kingdomway Group 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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Xiamen Kingdomway Group Co Long-Term Capital Lease Obligation Chart

Xiamen Kingdomway Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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280.27

267.36

251.89

214.56

Xiamen Kingdomway Group 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															239.59	240.08	228.51	214.56	209.54

Xiamen Kingdomway Group Co (SZSE:002626) 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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Xiamen Kingdomway Group Co (SZSE:002626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Xiamen Kingdomway Group Co (SZSE:002626) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Xinyang Industrial Zone, Fujian, Haishu, Xiamen, CHN, 361028

Website

http://www.kingdomway.com

Xiamen Kingdomway Group Co is a China-based company mainly engaged in the development and innovation of nutrition enhancer and bio-medical products. The company's main products are Coenzyme Q10, microalgae DHA, plant ARA, vitamin A, and vitamin D3.

Executives

Zhang Shui Lu	Executives
Huang Xing Luan	Independent director
Zhan Guang Huang	Executives
Yang Chao Yong	Independent director
Xu Lv Zhong	Supervisors
Zhan Rui	Director
Hong Yan	Directors, executives
Ma Guo Qing	Directors, executives
Jiang Bin	Directors, executives
Chen Rui Chen	Directors, executives
Lu Ying Hua	Director

Xiamen Kingdomway Group Co (SZSE:002626) Headlines

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