Bingshan Refrigeration and Heat Transfer Technologies Co (SZSE:000530) Long-Term Capital Lease Obligation : ¥26 Mil (As of Mar. 2024)

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What is Bingshan Refrigeration and Heat Transfer Technologies Co Long-Term Capital Lease Obligation?

Bingshan Refrigeration and Heat Transfer Technologies Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥26 Mil.

Bingshan Refrigeration and Heat Transfer Technologies Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥17 Mil) to Dec. 2023 (¥24 Mil) and increased from Dec. 2023 (¥24 Mil) to Mar. 2024 (¥26 Mil).

Bingshan Refrigeration and Heat Transfer Technologies Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥5 Mil) to Dec. 2022 (¥11 Mil) and increased from Dec. 2022 (¥11 Mil) to Dec. 2023 (¥24 Mil).

Bingshan Refrigeration and Heat Transfer Technologies Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bingshan Refrigeration and Heat Transfer Technologies 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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Bingshan Refrigeration and Heat Transfer Technologies Co Long-Term Capital Lease Obligation Chart

Bingshan Refrigeration and Heat Transfer Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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13.82

5.39

11.23

24.14

Bingshan Refrigeration and Heat Transfer Technologies 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															13.55	18.82	17.39	24.14	26.02

Bingshan Refrigeration and Heat Transfer Technologies Co (SZSE:000530) 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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Bingshan Refrigeration and Heat Transfer Technologies Co (SZSE:000530) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (SZSE:000530) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

200530:China

Address

No.106, Liaohe East Road, Dalian Economic & Technological Development Zone, Liaoning Province, Dalian, CHN, 116630

Website

http://www.bingshan.cn

Bingshan Refrigeration and Heat Transfer Technologies Co Ltd is an industrial machinery components manufacturer based in China. Its core product is refrigeration equipment components, which are utilized for developing cold storage devices and for central and commercial air-conditioning purposes. The company also offers products for ice-making, cold chains, cold stores, and special refrigeration projects. The firm segments are based on the geographic area: Northeast China, Central China, and East China.

Executives

Lu Jun	Executives
Xu Jun Rao	Director
Liu Kai	Director
Ma Yun	Executives
Ji Zhi Jian	Director
Wang Zhi Qiang	Executives
Xiao Yong Qin	Director
Zhang Gui Le	Director
Hu Xi Tang	Executives

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