Anhui Ronds Science & Technologyorporated Co (SHSE:688768) Long-Term Capital Lease Obligation : ¥0.6 Mil (As of Mar. 2024)

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What is Anhui Ronds Science & Technologyorporated Co Long-Term Capital Lease Obligation?

Anhui Ronds Science & Technologyorporated Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.6 Mil.

Anhui Ronds Science & Technologyorporated Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0.4 Mil) to Dec. 2023 (¥0.4 Mil) and increased from Dec. 2023 (¥0.4 Mil) to Mar. 2024 (¥0.6 Mil).

Anhui Ronds Science & Technologyorporated Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥1.3 Mil) to Dec. 2022 (¥0.5 Mil) and declined from Dec. 2022 (¥0.5 Mil) to Dec. 2023 (¥0.4 Mil).

Anhui Ronds Science & Technologyorporated Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Anhui Ronds Science & Technologyorporated 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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Anhui Ronds Science & Technologyorporated Co Long-Term Capital Lease Obligation Chart

Anhui Ronds Science & Technologyorporated Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.11

1.33

0.52

0.41

Anhui Ronds Science & Technologyorporated Co Quarterly Data
	Dec17	Dec18	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															0.57	0.58	0.40	0.41	0.57

Anhui Ronds Science & Technologyorporated Co (SHSE:688768) 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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Anhui Ronds Science & Technologyorporated Co (SHSE:688768) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Anhui Ronds Science & Technology Incorporated Co (SHSE:688768) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.59 Branch Road, Biomedicine Park, High-tech Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.ronds.com.cn

Anhui Ronds Science & Technology Incorporated Co is a total solution provider for intelligent operation and maintenance of industrial equipment.

Executives

Nie Wei Hua	Director
Huang Li Li	Directors, senior managers
Jia Wei Yin	Directors, senior managers
Luo Man Man	Director
Yao Jie Bing	Directors, senior managers
Fang Shi Kang	Core technical personnel
Wang Xiang Xiang	Core technical personnel

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