GCOM Technology Co (BJSE:838924) Long-Term Capital Lease Obligation : ¥68.8 Mil (As of Mar. 2024)

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What is GCOM Technology Co Long-Term Capital Lease Obligation?

GCOM Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥68.8 Mil.

GCOM Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥63.3 Mil) to Dec. 2023 (¥69.0 Mil) but then declined from Dec. 2023 (¥69.0 Mil) to Mar. 2024 (¥68.8 Mil).

GCOM Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥31.5 Mil) to Dec. 2022 (¥48.4 Mil) and increased from Dec. 2022 (¥48.4 Mil) to Dec. 2023 (¥69.0 Mil).

GCOM Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for GCOM 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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GCOM Technology Co Long-Term Capital Lease Obligation Chart

GCOM Technology Co Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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28.64

31.51

48.45

69.00

GCOM Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															51.09	57.26	63.35	69.00	68.80

GCOM Technology Co (BJSE:838924) 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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GCOM Technology Co (BJSE:838924) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » GCOM Technology Co Ltd (BJSE:838924) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 101, Binkang Road, Xixing Street, Room 605, 606, 608, Building 7, Binjiang District, Zhejiang Province, Hangzhou City, CHN, 310051

Website

http://www.gcomtechnology.com

GCOM Technology Co Ltd is a comprehensive solution provider dedicated to providing information and communication technology. The firm's solutions comprise Information and communication system integration, ICT industry application, asset operation service, and digital content service. It mainly offers information system integration services; 5G communication technology services; rail transit communication signal system development; contract energy management; energy-saving management services; technical services, technology development, technical consulting, technical exchanges, technology transfers, and technology promotion, among others.

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