Precision Tsugami (China) (HKSE:01651) Long-Term Capital Lease Obligation : HK$3 Mil (As of Sep. 2023)

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What is Precision Tsugami (China) Long-Term Capital Lease Obligation?

Precision Tsugami (China)'s Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$3 Mil.

Precision Tsugami (China)'s quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$2 Mil) to Mar. 2023 (HK$2 Mil) but then increased from Mar. 2023 (HK$2 Mil) to Sep. 2023 (HK$3 Mil).

Precision Tsugami (China)'s annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$1 Mil) to Mar. 2022 (HK$1 Mil) and increased from Mar. 2022 (HK$1 Mil) to Mar. 2023 (HK$2 Mil).

Precision Tsugami (China) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Precision Tsugami (China)'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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Precision Tsugami (China) Long-Term Capital Lease Obligation Chart

Precision Tsugami (China) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1.58

1.21

1.37

1.64

Precision Tsugami (China) Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												0.70	1.37	2.11	1.64	2.62

Precision Tsugami (China) (HKSE:01651) 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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Precision Tsugami (China) (HKSE:01651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Precision Tsugami (China) Corp Ltd (HKSE:01651) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2001 Pingcheng Road, Pinghu Economic-Technological Development Zone, Zhejiang Province, Pinghu, CHN, 314200

Website

https://www.tsugami.com.cn

Precision Tsugami (China) Corp Ltd is engaged in the manufacturing and distribution of computer numerical control (CNC) high precision machine tools; and the provision of commercial consultation services. It manufactures and sells CNC machine tools including Precision lathes, Precision machining centres, Precision thread and form rolling machines and Precision grinding machines under the TSUGAMI brand. The company only has one reportable operating segment which is the manufacture and sale of high precision CNC machine tools. Its products are mainly for the Chinese market and are also sold to Japan, Europe, the US, Southeast Asia and other countries.

Executives

Fmr Llc	2201 Interest of corporation controlled by you
Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Tsugami Corporation	2101 Beneficial owner

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