Qingdao Greensum Ecology Co (SZSE:300948) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Mar. 2024)

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What is Qingdao Greensum Ecology Co Long-Term Capital Lease Obligation?

Qingdao Greensum Ecology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil.

Qingdao Greensum Ecology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Qingdao Greensum Ecology 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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Qingdao Greensum Ecology Co Long-Term Capital Lease Obligation Chart

Qingdao Greensum Ecology Co Annual Data

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Long-Term Capital Lease Obligation

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Qingdao Greensum Ecology Co Quarterly Data
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Qingdao Greensum Ecology Co (SZSE:300948) 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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Qingdao Greensum Ecology Co (SZSE:300948) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Qingdao Greensum Ecology Co Ltd (SZSE:300948) » Definitions » Long-Term Capital Lease Obligation

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Address

Shashakou Street, North of Village Committee, Beilongkou Community, Laoshan District, Shandong Province, Qingdao, CHN, 266100

Website

http://www.greensum.com.cn

Qingdao Greensum Ecology Co Ltd specializes in ecological restoration work, including: vegetation restoration, soil restoration, water and soil conservation, sand prevention and control, and military camouflage for national defense. In addition to ecological restoration, it is also engaged in three-dimensional greening and urban environment construction.

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