Wuxi Lead Intelligent Equipment Co (SZSE:300450) Long-Term Capital Lease Obligation : ¥275 Mil (As of Mar. 2024)

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What is Wuxi Lead Intelligent Equipment Co Long-Term Capital Lease Obligation?

Wuxi Lead Intelligent Equipment Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥275 Mil.

Wuxi Lead Intelligent Equipment Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥225 Mil) to Dec. 2023 (¥310 Mil) but then declined from Dec. 2023 (¥310 Mil) to Mar. 2024 (¥275 Mil).

Wuxi Lead Intelligent Equipment Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥319 Mil) to Dec. 2022 (¥307 Mil) but then increased from Dec. 2022 (¥307 Mil) to Dec. 2023 (¥310 Mil).

Wuxi Lead Intelligent Equipment Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wuxi Lead Intelligent Equipment 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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Wuxi Lead Intelligent Equipment Co Long-Term Capital Lease Obligation Chart

Wuxi Lead Intelligent Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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140.58

319.46

306.64

309.90

Wuxi Lead Intelligent Equipment 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															251.88	276.93	225.37	309.90	274.95

Wuxi Lead Intelligent Equipment Co (SZSE:300450) 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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Wuxi Lead Intelligent Equipment Co (SZSE:300450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Lead Intelligent Equipment Co Ltd (SZSE:300450) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 20 Xinxi Road, Wuxi National Hi-Tech Industrial Development Zone, Jiangsu Province, Wuxi, CHN, 214028

Website

http://www.leadchina.cn

Wuxi Lead Intelligent Equipment Co Ltd, formerly Wuxi Lead Auto Equipment Co Ltd is engaged in manufacturing automation equipment such as lithium battery manufacturing equipment, automatic winding machine & Photovoltaic cells automation equipment.

Executives

Wang Yan Qing	Directors, executives
Sun Jian Jun	Executives
Xu Gang	Executives
Mou Feng	Executives
Ni Hong Nan	Executives
Mou Long Fei	Securities Affairs Representative
Wang Ye	Securities Affairs Representative

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