Sinodata Co (SZSE:002657) Long-Term Capital Lease Obligation : ¥0.7 Mil (As of Mar. 2024)

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What is Sinodata Co Long-Term Capital Lease Obligation?

Sinodata Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.7 Mil.

Sinodata Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥1.8 Mil) to Dec. 2023 (¥1.3 Mil) and declined from Dec. 2023 (¥1.3 Mil) to Mar. 2024 (¥0.7 Mil).

Sinodata Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥5.7 Mil) to Dec. 2022 (¥3.6 Mil) and declined from Dec. 2022 (¥3.6 Mil) to Dec. 2023 (¥1.3 Mil).

Sinodata Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sinodata 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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Sinodata Co Long-Term Capital Lease Obligation Chart

Sinodata Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.38

5.71

3.58

1.27

Sinodata 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															2.84	2.33	1.79	1.27	0.73

Sinodata Co (SZSE:002657) 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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Sinodata Co (SZSE:002657) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinodata Co Ltd (SZSE:002657) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

College Road, Haidian District, Building 39, 10th Floor, Beijing, CHN, 100191

Website

http://www.sinodata.net.cn

Sinodata Co Ltd is a software and information service company. The firm is mainly engaged in the design and development of the software applications and platforms for banking and other financial institutions. The company focuses on the internet banking cloud platform, financial asset trading platform, supply chain financial service platform, an e-commerce platform, and mobile payment operations.

Executives

Shen Sa	Directors, executives
Wang Zhi Yu	Executives
Liu Kai Tong	Director
Zhu Ye Dong	Director
He Zhe	Director
Zhang Chao Ying	Executives

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