Jiaxing ZMAX Optech Co (SHSE:688307) Long-Term Capital Lease Obligation : ¥0.2 Mil (As of Mar. 2024)

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What is Jiaxing ZMAX Optech Co Long-Term Capital Lease Obligation?

Jiaxing ZMAX Optech Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.2 Mil.

Jiaxing ZMAX Optech Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥0.2 Mil) to Dec. 2023 (¥0.2 Mil) but then increased from Dec. 2023 (¥0.2 Mil) to Mar. 2024 (¥0.2 Mil).

Jiaxing ZMAX Optech Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥0.4 Mil) to Dec. 2022 (¥0.2 Mil) but then increased from Dec. 2022 (¥0.2 Mil) to Dec. 2023 (¥0.2 Mil).

Jiaxing ZMAX Optech Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiaxing ZMAX Optech 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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Jiaxing ZMAX Optech Co Long-Term Capital Lease Obligation Chart

Jiaxing ZMAX Optech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.24

0.42

0.17

0.21

Jiaxing ZMAX Optech Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								0.13	0.19	0.24	0.21	0.24

Jiaxing ZMAX Optech Co (SHSE:688307) 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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Jiaxing ZMAX Optech Co (SHSE:688307) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiaxing ZMAX Optech Co Ltd (SHSE:688307) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 188 Taojing Road, Gaozhao Street, Xiuzhou District, Zhejiang Province, Jiaxing, CHN, 314000

Website

http://www.zmax-opt.com

Jiaxing ZMAX Optech Co Ltd is a precision optical lens product and technology development service provider. It develop various 4K/8K ultra-high-definition optics for various fields such as smart IoT, smart driving, smart terminals, smart home, and machine vision.

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