Songz Automobile Air Conditioning Co (SZSE:002454) Long-Term Capital Lease Obligation : ¥26 Mil (As of Mar. 2024)

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What is Songz Automobile Air Conditioning Co Long-Term Capital Lease Obligation?

Songz Automobile Air Conditioning Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥26 Mil.

Songz Automobile Air Conditioning Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥20 Mil) to Dec. 2023 (¥26 Mil) but then declined from Dec. 2023 (¥26 Mil) to Mar. 2024 (¥26 Mil).

Songz Automobile Air Conditioning Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥22 Mil) to Dec. 2022 (¥26 Mil) but then declined from Dec. 2022 (¥26 Mil) to Dec. 2023 (¥26 Mil).

Songz Automobile Air Conditioning Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Songz Automobile Air Conditioning 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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Songz Automobile Air Conditioning Co Long-Term Capital Lease Obligation Chart

Songz Automobile Air Conditioning Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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23.06

22.10

26.04

25.83

Songz Automobile Air Conditioning 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															25.29	25.08	20.33	25.83	25.58

Songz Automobile Air Conditioning Co (SZSE:002454) 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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Songz Automobile Air Conditioning Co (SZSE:002454) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Songz Automobile Air Conditioning Co Ltd (SZSE:002454) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.4999, Huaning Road, Xinzhuang Industrial Park, Shanghai, CHN, 201108

Website

http://www.shsongz.com.cn

Songz Automobile Air Conditioning Co Ltd foreign-funded enterprise. It is engaged in research and development, manufacturing and marketing of the air-conditioners used in commercial and passenger vehicles. Songz is a professional vehicle air-conditioner manufacturer and is also the domestic manufacturer of large and medium-sized passenger vehicle air-conditioners. Its products are widely used in various types of large and medium-sized passenger vehicles, passenger cars, trucks, light-duty buses and rail vehicles, filling in the domestic blank of the double-decker bus air conditioner production.

Executives

Huang Guo Qiang	Executives
Ji An Kang	Directors, executives
Xie Hao	Supervisors
Chen Rui	Directors, executives
Yu Bei Bei	Supervisors
Liu Zhi Kun	Executives
Chang Wei Jun	Executives
Yang Guo Ping	Director
Tan Ren Ke	Securities Affairs Representative
Zhu Ping Li	Executives
Chen Fu Cheng	Director
Chen Fu Quan	Secretary, Director
Zhang Wei Jie	Supervisors
Liu Yin Ru	Supervisors
Li Bing	Executives

Songz Automobile Air Conditioning Co (SZSE:002454) Headlines

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