Joyware Electronics Co (SZSE:300270) Long-Term Capital Lease Obligation : ¥0.5 Mil (As of Mar. 2024)

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What is Joyware Electronics Co Long-Term Capital Lease Obligation?

Joyware Electronics Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.5 Mil.

Joyware Electronics Co's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2023 (¥0.0 Mil) to Dec. 2023 (¥0.0 Mil) but then increased from Dec. 2023 (¥0.0 Mil) to Mar. 2024 (¥0.5 Mil).

Joyware Electronics Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥0.1 Mil) to Dec. 2022 (¥0.0 Mil) and declined from Dec. 2022 (¥0.0 Mil) to Dec. 2023 (¥0.0 Mil).

Joyware Electronics Co Long-Term Capital Lease Obligation Historical Data

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

Joyware Electronics Co Annual Data

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Long-Term Capital Lease Obligation

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0.13

0.04

Joyware Electronics 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															-	-	-	-	0.51

Joyware Electronics Co (SZSE:300270) 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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Joyware Electronics Co (SZSE:300270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Joyware Electronics Co Ltd (SZSE:300270) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.1819 Xixing Road, 19th, Joyware Building, Hangzhou, CHN, 310051

Website

http://www.joyware.com

Joyware Electronics Co Ltd is a Chinese company engaged in providing digital video network monitoring solutions for highways, financial centers, safe cities, boutiques, supermarkets, and apartments. Its products include dome cameras, bullet cameras, fisheye cameras, PTZ cameras, license cameras, and starlight cameras; industrial Ethernet switches, optical transceivers, and wireless products; and storage products, such as NVR and DVR products. In addition, the company also offers OEM and ODM service to various security product companies. The company sells its products in China and other international countries.

Executives

Shi Xu Gang	Director
Zhu Wei Ping	Directors, executives
Shi Gu Chen	Director
Hu Zhi Shui	Executives
Xu Zao Jin	Directors, executives
Zhu Guang Xin	Executives
He Shan Shan	Director
Zhu Dong Yu	Supervisors
Zhang Liang Zhong	Directors, Directors, and Executives

Joyware Electronics Co (SZSE:300270) Headlines

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