Zhejiang Tiantie Industry Co (SZSE:300587) Long-Term Capital Lease Obligation : ¥1 Mil (As of Mar. 2024)

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What is Zhejiang Tiantie Industry Co Long-Term Capital Lease Obligation?

Zhejiang Tiantie Industry Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil.

Zhejiang Tiantie Industry Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥4 Mil) to Dec. 2023 (¥1 Mil) and declined from Dec. 2023 (¥1 Mil) to Mar. 2024 (¥1 Mil).

Zhejiang Tiantie Industry Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥3 Mil) to Dec. 2022 (¥2 Mil) and declined from Dec. 2022 (¥2 Mil) to Dec. 2023 (¥1 Mil).

Zhejiang Tiantie Industry Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Tiantie Industry 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 Tiantie Industry Co Long-Term Capital Lease Obligation Chart

Zhejiang Tiantie Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.76

3.40

1.98

1.18

Zhejiang Tiantie Industry 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															2.44	3.67	3.64	1.18	1.04

Zhejiang Tiantie Industry Co (SZSE:300587) 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 Tiantie Industry Co (SZSE:300587) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhejiang Tiantie Industry Co Ltd (SZSE:300587) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.928, Renmin East Road, Tiantai County, Zhejiang Province, Taizhou, CHN, 317200

Website

http://www.tiantie.cn

Zhejiang Tiantie Industry Co Ltd provides engineering rubber products. The company manufactures and sells industrial rubber goods, rubberized fabrics, and other rubber products. It offers track structures, such as rails, sleepers, and ballast; vibration damping products; isolated rubber damping pads; embedded rubber crossing boards and plates; conveyor belts; elastic components; and sealing products and other rubber products.

Executives

Wang Sen Rong	Executives
Zheng Shuang Lian	Executives
Zheng Jian Feng	Executives
Niu Wen Qiang	Directors, executives
Di Xiao Yu	Supervisors
Xu Ji Ding	Director
Lu Ling Xiao	Supervisors
Fan Wei Wei	Directors, executives
Xu Yin Bin	Directors, executives
Xu Kong Bin	Directors, executives
Zhu Jian Zhong	Executives
Yang Tai Feng	Executives
Wang Bo	Directors, executives
Fan Wen Rong	Securities Affairs Representative

Zhejiang Tiantie Industry Co (SZSE:300587) Headlines

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