Sichuan EM Technology Co (SHSE:601208) Long-Term Capital Lease Obligation : ¥1 Mil (As of Mar. 2024)

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What is Sichuan EM Technology Co Long-Term Capital Lease Obligation?

Sichuan EM Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil.

Sichuan EM Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥4 Mil) to Dec. 2023 (¥2 Mil) and declined from Dec. 2023 (¥2 Mil) to Mar. 2024 (¥1 Mil).

Sichuan EM Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥2 Mil) to Dec. 2022 (¥3 Mil) but then declined from Dec. 2022 (¥3 Mil) to Dec. 2023 (¥2 Mil).

Sichuan EM Technology Co Long-Term Capital Lease Obligation Historical Data

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

Sichuan EM Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.92

2.06

2.99

1.56

Sichuan EM 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															3.93	4.04	3.95	1.56	1.10

Sichuan EM Technology Co (SHSE:601208) 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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Sichuan EM Technology Co (SHSE:601208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sichuan EM Technology Co Ltd (SHSE:601208) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

China Mianyang Dongxing Road 6, Sichuan, CHN, 621000

Website

http://www.emtco.cn

Sichuan EM Technology Co Ltd focuses on the development of new insulation materials, optical materials, and environmental protection flame retardant materials in China. Its products include mica tapes, film coating products, polypropylene films, cast sheets or films, and electrical polyester films.

Executives

Luo Chun Ming	senior management
Shi Qiang	Supervisors
Zhou You	senior management
Chen Jie	senior management
Liang Qian Qian	Supervisors
Li Gang	senior management
Li Wen Quan	senior management
Jing Guo Ren	senior management
Tang An Bin	Director
Cao Xue	Directors, senior managers
Yu Shao Bo	Director
Wang Xiao Quan	senior management
Xiong Ling Yao	Director
Yin Sheng	Director
Zong Yue Qiang	Supervisors

Sichuan EM Technology Co (SHSE:601208) Headlines

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