Anhui Sentai WPC Group Share Co (SZSE:301429) Long-Term Capital Lease Obligation : ¥14.2 Mil (As of Mar. 2024)

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What is Anhui Sentai WPC Group Share Co Long-Term Capital Lease Obligation?

Anhui Sentai WPC Group Share Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥14.2 Mil.

Anhui Sentai WPC Group Share Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0.1 Mil) to Dec. 2023 (¥14.4 Mil) but then declined from Dec. 2023 (¥14.4 Mil) to Mar. 2024 (¥14.2 Mil).

Anhui Sentai WPC Group Share Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0.0 Mil) to Dec. 2022 (¥0.1 Mil) and increased from Dec. 2022 (¥0.1 Mil) to Dec. 2023 (¥14.4 Mil).

Anhui Sentai WPC Group Share Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Anhui Sentai WPC Group Share 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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Anhui Sentai WPC Group Share Co Long-Term Capital Lease Obligation Chart

Anhui Sentai WPC Group Share Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.09

14.42

Anhui Sentai WPC Group Share Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												0.09	0.09	0.09	14.42	14.25

Anhui Sentai WPC Group Share Co (SZSE:301429) 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.

Anhui Sentai WPC Group Share Co Long-Term Capital Lease Obligation Related Terms

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Anhui Sentai WPC Group Share Co (SZSE:301429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Anhui Sentai WPC Group Share Co Ltd (SZSE:301429) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Guohua Road, Guangde Economic Development Zone, Anhui Province, Xuancheng, CHN, 242200

Website

http://www.sentaiwpc.com

Anhui Sentai WPC Group Share Co Ltd is focused on the research and development and promotion of wood-plastic composite materials and their products. The company's products are mainly used in wood substitution, whole house assembly, prefabricated buildings, automotive interiors and other fields.

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