China Aerospace Times Electronic Co (SHSE:600879) Long-Term Capital Lease Obligation : ¥226 Mil (As of Mar. 2024)

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What is China Aerospace Times Electronic Co Long-Term Capital Lease Obligation?

China Aerospace Times Electronic Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥226 Mil.

China Aerospace Times Electronic Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥94 Mil) to Dec. 2023 (¥89 Mil) but then increased from Dec. 2023 (¥89 Mil) to Mar. 2024 (¥226 Mil).

China Aerospace Times Electronic Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥192 Mil) to Dec. 2022 (¥100 Mil) and declined from Dec. 2022 (¥100 Mil) to Dec. 2023 (¥89 Mil).

China Aerospace Times Electronic Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Aerospace Times Electronic 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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China Aerospace Times Electronic Co Long-Term Capital Lease Obligation Chart

China Aerospace Times Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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278.78

192.03

99.69

88.89

China Aerospace Times Electronic 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															159.14	97.05	94.13	88.89	226.22

China Aerospace Times Electronic Co (SHSE:600879) 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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China Aerospace Times Electronic Co (SHSE:600879) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » China Aerospace Times Electronic Co Ltd (SHSE:600879) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plant 22MB, High-Tech Park, Economic Technology Development District, Wuhan, CHN, 430056

Website

http://www.catec-ltd.cn

China Aerospace Times Electronic Co Ltd is a China-based company. It engaged in the manufacturing and distribution of aerospace electronic products. Its products include satellite applications, inertial navigation, Integrated circuit, Drone.

Executives

Gai Hong Bin	senior management
He Ping	senior management
Wang Zhan Chen	Director
Wang Zong Yin	Director
Zhang Xian Cai	senior management
Wu Yuan Qiang	Director
Pei Ai Jun	Supervisors

China Aerospace Times Electronic Co (SHSE:600879) Headlines

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