NARI Technology Co (SHSE:600406) Long-Term Capital Lease Obligation : ¥53 Mil (As of Mar. 2024)

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

NARI Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥53 Mil.

NARI Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥75 Mil) to Dec. 2023 (¥49 Mil) but then increased from Dec. 2023 (¥49 Mil) to Mar. 2024 (¥53 Mil).

NARI Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥24 Mil) to Dec. 2022 (¥119 Mil) but then declined from Dec. 2022 (¥119 Mil) to Dec. 2023 (¥49 Mil).

NARI Technology Co Long-Term Capital Lease Obligation Historical Data

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

NARI Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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12.36

23.88

119.10

49.45

NARI Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															124.22	90.61	75.36	49.45	52.64

NARI Technology Co (SHSE:600406) 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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NARI Technology Co (SHSE:600406) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NARI Technology Co Ltd (SHSE:600406) » Definitions » Long-Term Capital Lease Obligation

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Address

Building 2, No. 19 Chengxin Avenue, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211106

Website

http://www.naritech.cn

NARI Technology Co Ltd is engaged in providing power & automation technologies in China. It operates in areas of power system automation, smart grid, renewable energy, railway automation, industrial control, & energy conservation & environment protection.

Executives

Pang La Cheng	Director
Hua Ding Zhong	Director
You Feng	senior management
Jiang Yuan Chen	Director
Yan Wei	Director
Ding Xiao Hua	senior management
Shang Xue Wei	senior management
Guo Wang Yong	senior management
Wang Xiao Hong	senior management
Li Hou Jun	senior management
Yang Hua Fei	senior management
Jiang Ping	senior management
Zheng Zong Qiang	Supervisors
Ding Hai Dong	Supervisors
Zheng Yu Ping	Director

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