Chongqing Polycomp International (SZSE:301526) Long-Term Capital Lease Obligation : ¥146 Mil (As of Mar. 2024)

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What is Chongqing Polycomp International Long-Term Capital Lease Obligation?

Chongqing Polycomp International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥146 Mil.

Chongqing Polycomp International's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥131 Mil) to Dec. 2023 (¥129 Mil) but then increased from Dec. 2023 (¥129 Mil) to Mar. 2024 (¥146 Mil).

Chongqing Polycomp International's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥154 Mil) to Dec. 2022 (¥155 Mil) but then declined from Dec. 2022 (¥155 Mil) to Dec. 2023 (¥129 Mil).

Chongqing Polycomp International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chongqing Polycomp International'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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Chongqing Polycomp International Long-Term Capital Lease Obligation Chart

Chongqing Polycomp International Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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224.83

153.63

154.61

128.90

Chongqing Polycomp International 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									-	142.59	130.54	128.90	146.50

Chongqing Polycomp International (SZSE:301526) 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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Chongqing Polycomp International (SZSE:301526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Chongqing Polycomp International Corp (SZSE:301526) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Area B, Jianqiao Industrial Park, Dadukou, Chongqing, CHN, 400082

Website

https://www.cpicfiber.com

Chongqing Polycomp International Corp is engaged in research & development, production and sales of glass fiber and its products.

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