Guangzhou Hi-Target Navigation Tech Co (SZSE:300177) Long-Term Capital Lease Obligation : ¥11 Mil (As of Mar. 2024)

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What is Guangzhou Hi-Target Navigation Tech Co Long-Term Capital Lease Obligation?

Guangzhou Hi-Target Navigation Tech Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥11 Mil.

Guangzhou Hi-Target Navigation Tech Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥12 Mil) to Dec. 2023 (¥11 Mil) and declined from Dec. 2023 (¥11 Mil) to Mar. 2024 (¥11 Mil).

Guangzhou Hi-Target Navigation Tech Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥22 Mil) to Dec. 2022 (¥16 Mil) and declined from Dec. 2022 (¥16 Mil) to Dec. 2023 (¥11 Mil).

Guangzhou Hi-Target Navigation Tech Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangzhou Hi-Target Navigation Tech 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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Guangzhou Hi-Target Navigation Tech Co Long-Term Capital Lease Obligation Chart

Guangzhou Hi-Target Navigation Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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24.42

21.74

16.08

11.20

Guangzhou Hi-Target Navigation Tech 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															16.45	17.73	11.74	11.20	10.51

Guangzhou Hi-Target Navigation Tech Co (SZSE:300177) 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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Guangzhou Hi-Target Navigation Tech Co (SZSE:300177) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Hi-Target Navigation Tech Co Ltd (SZSE:300177) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 555, North of Panyu Road, Building 13, Tian'An Technology Zone, Panyu District, Guangzhou, CHN, 511400

Website

http://www.zhdgps.com

Guangzhou Hi-Target Navigation Tech Co Ltd is engaged in providing professional high-precision geographic instrument solutions. It offers GPS/GNSS, total stations, GIS mapping products, hydrographic surveying products, UAVs, 3D laser system instruments and BDS high-precision application products, precision agriculture products, precision machine controls and indoor localization solutions.

Executives

Liao Wen	Director
Liao Ding Hai	Directors, executives
Li Hong Jiang	Directors, executives
Huang Hong Ju	Directors, executives
Hu Wei	Executives
Ou Yang Ye Heng	Secretary, Director
Yang Xiao Juan	Executives
Chen Xiu Lan	Supervisors
Chen Ying	Supervisors
Chen Jin Hong	Securities Affairs Representative
Zhang Jin Qun	Securities Affairs Representative
Xu Feng	Directors, executives
Li Zhong Qiu	Director
Xu Jia	Director

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