YanGuFang International Group Co (YanGuFang International Group Co) Long-Term Capital Lease Obligation : $0.33 Mil (As of Dec. 2022)

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What is YanGuFang International Group Co Long-Term Capital Lease Obligation?

YanGuFang International Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.33 Mil.

YanGuFang International Group Co's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2021 ($0.00 Mil) to Jun. 2022 ($0.00 Mil) but then increased from Jun. 2022 ($0.00 Mil) to Dec. 2022 ($0.33 Mil).

YanGuFang International Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for YanGuFang International Group 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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YanGuFang International Group Co Long-Term Capital Lease Obligation Chart

YanGuFang International Group Co Annual Data

Trend

Jun20

Jun21

Jun22

Long-Term Capital Lease Obligation

YanGuFang International Group Co Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	-	-	0.33

YanGuFang International Group Co (OTCPK:YGFGF) 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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YanGuFang International Group Co (YanGuFang International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » YanGuFang International Group Co Ltd (OTCPK:YGFGF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

33 Suhong Road, 3rd Floor, Building 3, Minhang District, Shanghai, CHN, 201100

Website

http://www.yangufang.com

YanGuFang International Group Co Ltd is primarily engaged in the production, research and development, and sales of oat and grain products through its direct salesforce and distribution network. Its product portfolio is broadly categorized into oat series products including oat germ groats, oatmeal, oat flour, oat bran, some of which are organic or green food series, and oat nutrient and health series products including oat peptide series, dietary fiber powder, oat biscuits, oil series, oat hand cream, and soap, and oat toothpaste.