Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Long-Term Capital Lease Obligation : ¥7 Mil (As of Mar. 2024)

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What is Qinchuan Machine Tool & Tool Group Share Co Long-Term Capital Lease Obligation?

Qinchuan Machine Tool & Tool Group Share Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7 Mil.

Qinchuan Machine Tool & Tool Group Share Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥8 Mil) to Dec. 2023 (¥7 Mil) and declined from Dec. 2023 (¥7 Mil) to Mar. 2024 (¥7 Mil).

Qinchuan Machine Tool & Tool Group Share Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥6 Mil) to Dec. 2022 (¥11 Mil) but then declined from Dec. 2022 (¥11 Mil) to Dec. 2023 (¥7 Mil).

Qinchuan Machine Tool & Tool Group Share Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Qinchuan Machine Tool & Tool Group Share 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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Qinchuan Machine Tool & Tool Group Share Co Long-Term Capital Lease Obligation Chart

Qinchuan Machine Tool & Tool Group Share Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.94

6.49

10.52

7.15

Qinchuan Machine Tool & Tool Group Share 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															10.03	8.97	8.44	7.15	6.70

Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) 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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Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qinchuan Machine Tool & Tool Group Share Co Ltd (SZSE:000837) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 22 Jiangtan Road, Shanxi, Baoji, CHN, 721009

Website

http://www.qinchuan.com

Qinchuan Machine Tool & Tool Group Share Co Ltd is mainly engaged in the production and sales of metal cutting machine tools, plastic processing machinery and related equipment and raw materials in China. It offers CNC machine tools, gear and gearboxes, plastics machinery, and precision casting products.

Executives

Zhao Jia Bao	Executives
Hu Hong	Directors, executives
Tian Sha	Executives
Hang Bao Jun	Executives
Si Guan Lin	Executives
Guo Bao An	Executives
Long Xing Yuan	Directors, executives
Fu Lin Xing	Directors, executives
Song Geng Tian	Supervisors
Liu Wan Chao	Directors, executives
Li Qiang	Director
Wang La Xiang	Supervisors
Mao Feng	Executives
Zhang Yi	Supervisors
Wu Kang	Executives

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