GRG Banking Equipment Co (SZSE:002152) Long-Term Capital Lease Obligation : ¥35 Mil (As of Mar. 2024)

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What is GRG Banking Equipment Co Long-Term Capital Lease Obligation?

GRG Banking Equipment Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥35 Mil.

GRG Banking Equipment Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥37 Mil) to Dec. 2023 (¥34 Mil) but then increased from Dec. 2023 (¥34 Mil) to Mar. 2024 (¥35 Mil).

GRG Banking Equipment Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥38 Mil) to Dec. 2022 (¥53 Mil) but then declined from Dec. 2022 (¥53 Mil) to Dec. 2023 (¥34 Mil).

GRG Banking Equipment Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for GRG Banking Equipment 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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GRG Banking Equipment Co Long-Term Capital Lease Obligation Chart

GRG Banking Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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28.72

38.40

53.39

34.01

GRG Banking Equipment 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															57.39	50.10	36.79	34.01	35.28

GRG Banking Equipment Co (SZSE:002152) 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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GRG Banking Equipment Co (SZSE:002152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GRG Banking Equipment Co Ltd (SZSE:002152) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 911, Colin Road, Science City, Hi-Tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663

Website

http://www.grgbanking.com

GRG Banking Equipment Co Ltd is engaged in the development and manufacturing of automated teller machines. Its business covers many more areas, such as smart transportation solution, public security with AI technologies like biometrics identification, image, and video analysis, and big data. Its products and services consist of a financial self-service solution such as retail solution and branch automation, cash sorting machine, OEM module, and terminal equipment.

Executives

Zhong Yong	Secretary Dong
Ye Zi Yu	Directors, executives
Kuang Jian Zhou	Supervisors
Jiang Chun Chen	Executives
Feng Feng Sui	Supervisors
Li Ye Dong	Executives
Chen Zhen Guang	Executives
Zhu Li Xin	Supervisors
Xiao Xun Yong	Director
Chen Jian Liang	Executives
Zhao You Yong	Director
Yang Hai Zhou	Director
Zhou Jian Kang	Supervisors
Ceng Wen	Executives
Wang Jun	Director

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