Shanghai Smart Control Co (SZSE:001266) Long-Term Capital Lease Obligation : ¥12.2 Mil (As of Mar. 2024)

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What is Shanghai Smart Control Co Long-Term Capital Lease Obligation?

Shanghai Smart Control Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥12.2 Mil.

Shanghai Smart Control Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥15.6 Mil) to Dec. 2023 (¥15.1 Mil) and declined from Dec. 2023 (¥15.1 Mil) to Mar. 2024 (¥12.2 Mil).

Shanghai Smart Control Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥15.8 Mil) to Dec. 2022 (¥13.1 Mil) but then increased from Dec. 2022 (¥13.1 Mil) to Dec. 2023 (¥15.1 Mil).

Shanghai Smart Control Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Smart Control 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 Smart Control Co Long-Term Capital Lease Obligation Chart

Shanghai Smart Control Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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18.46

15.76

13.14

15.06

Shanghai Smart Control Co Quarterly Data
	Dec18	Dec19	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											11.69	17.92	15.62	15.06	12.18

Shanghai Smart Control Co (SZSE:001266) 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 Smart Control Co (SZSE:001266) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Smart Control Co Ltd (SZSE:001266) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 4268, Zhennan Road, Room J11387, Building 2, Jiading District, Shanghai, CHN, 201802

Website

https://www.smartsh.com

Shanghai Smart Control Co Ltd is engaged in the research and development, production and sales of intelligent electronic control products and intelligent electronic control assemblies.

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