Shenzhen Tianyuan Dic Information Technology Co (SZSE:300047) Long-Term Capital Lease Obligation : ¥30 Mil (As of Mar. 2024)

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What is Shenzhen Tianyuan Dic Information Technology Co Long-Term Capital Lease Obligation?

Shenzhen Tianyuan Dic Information Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥30 Mil.

Shenzhen Tianyuan Dic Information Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥2 Mil) to Dec. 2023 (¥39 Mil) but then declined from Dec. 2023 (¥39 Mil) to Mar. 2024 (¥30 Mil).

Shenzhen Tianyuan Dic Information Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥24 Mil) to Dec. 2022 (¥15 Mil) but then increased from Dec. 2022 (¥15 Mil) to Dec. 2023 (¥39 Mil).

Shenzhen Tianyuan Dic Information Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shenzhen Tianyuan Dic Information 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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Shenzhen Tianyuan Dic Information Technology Co Long-Term Capital Lease Obligation Chart

Shenzhen Tianyuan Dic Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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44.61

24.28

14.81

39.15

Shenzhen Tianyuan Dic Information 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															11.20	10.15	2.40	39.15	30.04

Shenzhen Tianyuan Dic Information Technology Co (SZSE:300047) 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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Shenzhen Tianyuan Dic Information Technology Co (SZSE:300047) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Tianyuan Dic Information Technology Co Ltd (SZSE:300047) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Nanqi Road, 3rd Floor, T3 Building, Shenzhen High-tech Industrial Park, Shenzhen, CHN

Website

http://www.tydic.com

Shenzhen Tianyuan Dic Information Technology Co Ltd is a China-based provider of integrated internet and big data solutions. It is engaged in the development of advanced technologies such as cloud computing, big data, artificial intelligence, and the Internet of Things. The business areas to which the company offers are operators, public security, government, finance, and new energy.

Executives

Xie Li Ta	Executives
Chen Bing	Director
Chen Lu Kang	Directors, executives
Xie Xiao Bin	Director
Chen Xiu Qin	Directors, executives
Luo Zan	Executives
Wang Dong Sheng	Directors, executives
Guan Si Xin	Executives
Lin Rong	Executives
Chen You	Director
Xie Wei	Securities Affairs Representative
Liang Ling Lin	Supervisors
Li Qian Yi	Directors, executives
Zhang Yuan	Supervisors
Zheng Yu	Securities Affairs Representative

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