Offcn Education Technology Co (SZSE:002607) Long-Term Capital Lease Obligation : ¥267 Mil (As of Mar. 2024)

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What is Offcn Education Technology Co Long-Term Capital Lease Obligation?

Offcn Education Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥267 Mil.

Offcn Education Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥436 Mil) to Dec. 2023 (¥227 Mil) but then increased from Dec. 2023 (¥227 Mil) to Mar. 2024 (¥267 Mil).

Offcn Education Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥636 Mil) to Dec. 2022 (¥509 Mil) and declined from Dec. 2022 (¥509 Mil) to Dec. 2023 (¥227 Mil).

Offcn Education Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Offcn Education Technology 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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Offcn Education Technology Co Long-Term Capital Lease Obligation Chart

Offcn Education Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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632.87

635.69

508.75

226.54

Offcn Education Technology 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															556.91	501.24	436.47	226.54	266.63

Offcn Education Technology Co (SZSE:002607) 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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Offcn Education Technology Co (SZSE:002607) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Offcn Education Technology Co Ltd (SZSE:002607) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.23 Xueqing Road, Block B, Hanhua Century Building, Haidian District, Beijing, CHN, 100089

Website

https://www.offcn.com

Offcn Education Technology Co Ltd is China's multi-category vocational education institution and civil servant entrance examination training company. The company serves the younger demographic including college students and university graduates throughout mainland China.

Executives

Wang Zhen Dong	Directors, executives
Yu Hong Wei	Supervisors
He You Li	Executives
Yang Qing Mei	Director
Zhou Xia Yun	Director
Cao Ying Hong	Supervisors
Xiao Mei Rong	Directors, executives
Wang Jie Ning	Director
Ye Zheng Gui	Supervisors
Zou Ze Qing	Executives
Li Lin	Secretary Dong
Fang Cheng	Executives
Wang Hai Feng	Securities Affairs Representative

Offcn Education Technology Co (SZSE:002607) Headlines

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