Jade Bird Fire Co (SZSE:002960) Long-Term Capital Lease Obligation : ¥27 Mil (As of Mar. 2024)

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What is Jade Bird Fire Co Long-Term Capital Lease Obligation?

Jade Bird Fire Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥27 Mil.

Jade Bird Fire Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥29 Mil) to Dec. 2023 (¥31 Mil) but then declined from Dec. 2023 (¥31 Mil) to Mar. 2024 (¥27 Mil).

Jade Bird Fire Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥44 Mil) to Dec. 2022 (¥35 Mil) and declined from Dec. 2022 (¥35 Mil) to Dec. 2023 (¥31 Mil).

Jade Bird Fire Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jade Bird Fire 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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Jade Bird Fire Co Long-Term Capital Lease Obligation Chart

Jade Bird Fire Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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43.78

35.05

30.73

Jade Bird Fire 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															27.58	31.90	28.51	30.73	26.53

Jade Bird Fire Co (SZSE:002960) 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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Jade Bird Fire Co (SZSE:002960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Jade Bird Fire Co Ltd (SZSE:002960) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 207 Chengfu Road, Beida Jade Bird Hous, Haidian District, Beijing, CHN, 100871

Website

http://www.jbufa.com

Jade Bird Fire Co Ltd is engaged in the research, development, production, and sales of fire safety system products. The company's products are mainly used in national key projects such as Zhongnanhai, the Beijing Olympic Games, the Shanghai World Expo, etc.

Executives

Cai Wei Min	Director
Zhang Qian Shan	Directors, executives
Kang Ya Zhen	Directors, executives
Gao Jun Yan	Directors, executives
Lu Wen Hao	Executives
Zhou Zi An	Executives
Wang Guo Qiang	Supervisors

Jade Bird Fire Co (SZSE:002960) Headlines

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