ShenZhen YUTO Packaging Technology Co (SZSE:002831) Long-Term Capital Lease Obligation : ¥243 Mil (As of Mar. 2024)

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What is ShenZhen YUTO Packaging Technology Co Long-Term Capital Lease Obligation?

ShenZhen YUTO Packaging Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥243 Mil.

ShenZhen YUTO Packaging Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥164 Mil) to Dec. 2023 (¥276 Mil) but then declined from Dec. 2023 (¥276 Mil) to Mar. 2024 (¥243 Mil).

ShenZhen YUTO Packaging Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥156 Mil) to Dec. 2022 (¥187 Mil) and increased from Dec. 2022 (¥187 Mil) to Dec. 2023 (¥276 Mil).

ShenZhen YUTO Packaging Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for ShenZhen YUTO Packaging Technology 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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ShenZhen YUTO Packaging Technology Co Long-Term Capital Lease Obligation Chart

ShenZhen YUTO Packaging Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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100.41

156.40

186.50

276.39

ShenZhen YUTO Packaging Technology 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															162.13	170.06	164.25	276.39	242.51

ShenZhen YUTO Packaging Technology Co (SZSE:002831) 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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ShenZhen YUTO Packaging Technology Co (SZSE:002831) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » ShenZhen YUTO Packaging Technology Co Ltd (SZSE:002831) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No.1 Shihuan Road, Shiyan Town, Baoan District, Shenzhen, CHN, 518108

Website

http://www.szyuto.com

ShenZhen YUTO Packaging Technology Co Ltd provides printing and packaging solutions. The company specializes in consumer electronics, health, tobacco, cosmetics, food and other industries. It provides products and solutions, including color boxes, gift boxes, brochures, stickers, cartons, paper holders and intelligent packaging, environmental packaging, functional packaging, while providing creative design, innovative research and development, integrated manufacturing, automation large-scale production, multi-regional operation and the nearest fast delivery and other professional services.

Executives

Li Yu Xuan	Secretary Dong
Wang Bin Chu	Executives
Deng Qin	Supervisors
Wu Lan Lan	Directors, executives
Liu Zhong Qing	Executives
Zhang En Fang	Directors, executives
Wang Hua Jun	Directors, executives
Peng Jing	Supervisors
Tang Zi Wei	Supervisors
Zhu Yong Li	Executives

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