Shanghai Laimu Electronics Co (SHSE:603633) Long-Term Capital Lease Obligation : ¥9 Mil (As of Mar. 2024)

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What is Shanghai Laimu Electronics Co Long-Term Capital Lease Obligation?

Shanghai Laimu Electronics Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9 Mil.

Shanghai Laimu Electronics Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0 Mil) to Dec. 2023 (¥9 Mil) but then declined from Dec. 2023 (¥9 Mil) to Mar. 2024 (¥9 Mil).

Shanghai Laimu Electronics Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥5 Mil) to Dec. 2022 (¥0 Mil) but then increased from Dec. 2022 (¥0 Mil) to Dec. 2023 (¥9 Mil).

Shanghai Laimu Electronics Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Laimu Electronics 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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Shanghai Laimu Electronics Co Long-Term Capital Lease Obligation Chart

Shanghai Laimu Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.79

4.92

8.95

Shanghai Laimu Electronics 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															-	-	-	8.95	8.88

Shanghai Laimu Electronics Co (SHSE:603633) 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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Shanghai Laimu Electronics Co (SHSE:603633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Laimu Electronics Co Ltd (SHSE:603633) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.7319 Spring Road, Minhang District, Shanghai, CHN

Website

http://en.laimu.com.cn

Shanghai Laimu Electronics Co Ltd is specialized in the development, production and sales of precision electronic components based on connectors and shields. Its products include automotive electronics, including injection and stamping parts, connectors, injection inserts, and wire harnesses; and mobile electronics, such as T-cards, battery holders, and camera modules, as well as components for SIMs and USBs. Its products are mainly applied to the fields of automobile and mobile phone.

Executives

Zhu Xin Ai	Directors, senior managers
Fang Pei Xi	Directors, senior managers
Yang Xiao Kang	Director
Zhu Xiao Hai	Directors, senior managers
Liu Jing	Directors, senior managers
Shen Jian Qiang	Supervisors
Fang Pei Jiao	Director

Shanghai Laimu Electronics Co (SHSE:603633) Headlines

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