Doctorglasses Chain Co (SZSE:300622) Long-Term Capital Lease Obligation : ¥78 Mil (As of Mar. 2024)

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What is Doctorglasses Chain Co Long-Term Capital Lease Obligation?

Doctorglasses Chain Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥78 Mil.

Doctorglasses Chain Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥71 Mil) to Dec. 2023 (¥83 Mil) but then declined from Dec. 2023 (¥83 Mil) to Mar. 2024 (¥78 Mil).

Doctorglasses Chain Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥103 Mil) to Dec. 2022 (¥80 Mil) but then increased from Dec. 2022 (¥80 Mil) to Dec. 2023 (¥83 Mil).

Doctorglasses Chain Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Doctorglasses Chain 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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Doctorglasses Chain Co Long-Term Capital Lease Obligation Chart

Doctorglasses Chain Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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101.78

103.12

80.33

83.27

Doctorglasses Chain 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															64.00	74.62	70.96	83.27	77.92

Doctorglasses Chain Co (SZSE:300622) 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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Doctorglasses Chain Co (SZSE:300622) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Doctorglasses Chain Co Ltd (SZSE:300622) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

4028 Jintian Road, 2nd Floor, Rongchao Economic and Trade Center, Futian District, Shenzhen, CHN, 518038

Website

http://www.doctorglasses.com.cn

Doctorglasses Chain Co Ltd operates as a retail chain company which is engaged in the eyeglasses business in China. The company offers glasses under the President optical and doctor glasses Zele brand name. It offers reading glasses, sunglasses, frames and lenses, contact lenses, contact lens liquid solution and others.

Executives

Liu Zhi Ming	Directors, executives
Zheng Qing Qiu	Executives
He Qing Bai	Executives
	Director
Liu Kai Yue	Directors, executives
Xiong Dan	Securities Affairs Representative

Doctorglasses Chain Co (SZSE:300622) Headlines

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