Zhonghang Electronic Measuring Instruments Co (SZSE:300114) Long-Term Capital Lease Obligation : ¥3 Mil (As of Mar. 2024)

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What is Zhonghang Electronic Measuring Instruments Co Long-Term Capital Lease Obligation?

Zhonghang Electronic Measuring Instruments Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil.

Zhonghang Electronic Measuring Instruments Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥3 Mil) to Dec. 2023 (¥3 Mil) but then increased from Dec. 2023 (¥3 Mil) to Mar. 2024 (¥3 Mil).

Zhonghang Electronic Measuring Instruments Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥9 Mil) to Dec. 2022 (¥4 Mil) and declined from Dec. 2022 (¥4 Mil) to Dec. 2023 (¥3 Mil).

Zhonghang Electronic Measuring Instruments Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhonghang Electronic Measuring Instruments 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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Zhonghang Electronic Measuring Instruments Co Long-Term Capital Lease Obligation Chart

Zhonghang Electronic Measuring Instruments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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14.12

8.69

3.96

2.68

Zhonghang Electronic Measuring Instruments 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															4.01	3.39	3.43	2.68	2.71

Zhonghang Electronic Measuring Instruments Co (SZSE:300114) 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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Zhonghang Electronic Measuring Instruments Co (SZSE:300114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhonghang Electronic Measuring Instruments Co Ltd (SZSE:300114) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

PO Box 2, Hanzhong, CHN, 723007

Website

http://www.zemic.com.cn

Zhonghang Electronic Measuring Instruments Co Ltd develops, manufactures, and sells electronic measuring products. It offers strain gages, strain gage-based sensors, weighing indicators and software, testing and measuring systems for the aviation industry, automobile performance, and environmental detection systems, automobile driver intelligent training systems, remote networking regulatory network platform, on- board weighing control systems, automatic systems, and precision mechanical.

Executives

Huang Ping	Director
Liu Dong Ping	Directors, executives
Kang Xue Jun	Director
Yang Zhang Huai	Executives
Hu Yang Lin	Executives
Nan Xin Xing	Executives
Zhang Zhi Gang	Executives
Zhao Guo Qing	Executives
Zhou Yu	Executives
Yu Kang	Securities Affairs Representative
Zhao Hui Ying	Independent director
Luo Bao Jun	Director

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