Ziel Home Furnishing Technology Co (SZSE:301376) Long-Term Capital Lease Obligation : ¥710 Mil (As of Mar. 2024)

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What is Ziel Home Furnishing Technology Co Long-Term Capital Lease Obligation?

Ziel Home Furnishing Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥710 Mil.

Ziel Home Furnishing Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥664 Mil) to Dec. 2023 (¥650 Mil) but then increased from Dec. 2023 (¥650 Mil) to Mar. 2024 (¥710 Mil).

Ziel Home Furnishing Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥817 Mil) to Dec. 2022 (¥733 Mil) and declined from Dec. 2022 (¥733 Mil) to Dec. 2023 (¥650 Mil).

Ziel Home Furnishing Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ziel Home Furnishing 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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Ziel Home Furnishing Technology Co Long-Term Capital Lease Obligation Chart

Ziel Home Furnishing Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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325.74

817.44

732.60

649.77

Ziel Home Furnishing Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									723.34	723.57	664.33	649.77	709.91

Ziel Home Furnishing Technology Co (SZSE:301376) 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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Ziel Home Furnishing Technology Co (SZSE:301376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ziel Home Furnishing Technology Co Ltd (SZSE:301376) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 198-19, Songshan South Road, No. 601, 6th Floor, Dongfang Building, Erqi, Henan, Zhengzhou, CHN, 450000

Website

https://www.ziel.cn

Ziel Home Furnishing Technology Co Ltd is engaged in research and development, design and sales of home furnishing products such as self-owned brand furniture series, home furnishing series, courtyard series and pet series.

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