Jilin Asia Link Technology Development Co (SZSE:002316) Long-Term Capital Lease Obligation : ¥1.3 Mil (As of Mar. 2024)

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What is Jilin Asia Link Technology Development Co Long-Term Capital Lease Obligation?

Jilin Asia Link Technology Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1.3 Mil.

Jilin Asia Link Technology Development Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0.6 Mil) to Dec. 2023 (¥1.7 Mil) but then declined from Dec. 2023 (¥1.7 Mil) to Mar. 2024 (¥1.3 Mil).

Jilin Asia Link Technology Development Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥33.2 Mil) to Dec. 2022 (¥1.3 Mil) but then increased from Dec. 2022 (¥1.3 Mil) to Dec. 2023 (¥1.7 Mil).

Jilin Asia Link Technology Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jilin Asia Link Technology Development 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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Jilin Asia Link Technology Development Co Long-Term Capital Lease Obligation Chart

Jilin Asia Link Technology Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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49.13

33.24

1.34

1.71

Jilin Asia Link Technology Development 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															1.06	0.79	0.58	1.71	1.26

Jilin Asia Link Technology Development Co (SZSE:002316) 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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Jilin Asia Link Technology Development Co (SZSE:002316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jilin Asia Link Technology Development Co Ltd (SZSE:002316) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Room 1205, Chuangye Building, High-tech Industrial Development Zone, Jilin Province, Liaoyuan, CHN, 518057

Website

http://www.asialink.com

Jilin Asia Link Technology Development Co Ltd is primarily involved in the financial technology business and private network communication technology solution business. The financial technology business segment is mainly engaged in third-party payment services, big data service business and financial business. The private network communication technology solution business mainly serves the energy and transportation industries, including the research and development, manufacturing and related technical services of related software and hardware products. Geographically, the activities are carried out through China.

Executives

Huang Xi Sheng	Director
Liu Hui	Director
Li Lin	Executives
Zhang Zhen Xin	Director
Yin Jian Feng	Director
Yang Jian Ping	Executives
Ye Qiong	Directors, executives
Yuan Xun Ming	Supervisors
Cheng Qi Bei	Executives
Wang Jian	Supervisors
Meng Ling Zhang	Directors, executives
Xia Ming Rong	Directors, executives
Zhuang Yan Zheng	Supervisors

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