Suzhou Dongshan Precision Manufacturing Co (SZSE:002384) Long-Term Capital Lease Obligation : ¥1,861 Mil (As of Mar. 2024)

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What is Suzhou Dongshan Precision Manufacturing Co Long-Term Capital Lease Obligation?

Suzhou Dongshan Precision Manufacturing Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,861 Mil.

Suzhou Dongshan Precision Manufacturing Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥1,848 Mil) to Dec. 2023 (¥1,843 Mil) but then increased from Dec. 2023 (¥1,843 Mil) to Mar. 2024 (¥1,861 Mil).

Suzhou Dongshan Precision Manufacturing Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥1,148 Mil) to Dec. 2022 (¥1,647 Mil) and increased from Dec. 2022 (¥1,647 Mil) to Dec. 2023 (¥1,843 Mil).

Suzhou Dongshan Precision Manufacturing Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Suzhou Dongshan Precision Manufacturing 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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Suzhou Dongshan Precision Manufacturing Co Long-Term Capital Lease Obligation Chart

Suzhou Dongshan Precision Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,116.75

1,147.81

1,647.32

1,842.80

Suzhou Dongshan Precision Manufacturing 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															1,800.72	1,790.08	1,848.15	1,842.80	1,860.79

Suzhou Dongshan Precision Manufacturing Co (SZSE:002384) 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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Suzhou Dongshan Precision Manufacturing Co (SZSE:002384) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou Dongshan Precision Manufacturing Co Ltd (SZSE:002384) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Tangdong Road, Wuzhong Economic Development Zone, Suzhou, CHN, 215124

Website

http://www.sz-dsbj.com

Suzhou Dongshan Precision Manufacturing Co Ltd is a China-based company involved in the research, development, manufacture, and sale of precision metal products. It provides precision manufacturing services for LED lighting, LCM & machine, smart device, and communication device among others.

Executives

Yuan Yong Feng	Directors, executives
Yuan Yong Gang	Director
Dan Jian Bin	Director
Wang Xu	Directors, executives
Mao Xiao Yan	Directors, Directors, and Executives
Fei Li Jian	Supervisors
Huang Li Gui	Director
Zheng Feng	Independent director
Xu Yi Min	Directors, executives
Zhou Gui Hua	Executives
Chen Xiao Yong	Director

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