Shanghai Huace Navigation Technology (SZSE:300627) Long-Term Capital Lease Obligation : ¥6 Mil (As of Mar. 2024)

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What is Shanghai Huace Navigation Technology Long-Term Capital Lease Obligation?

Shanghai Huace Navigation Technology's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6 Mil.

Shanghai Huace Navigation Technology's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥6 Mil) to Dec. 2023 (¥7 Mil) but then declined from Dec. 2023 (¥7 Mil) to Mar. 2024 (¥6 Mil).

Shanghai Huace Navigation Technology's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥35 Mil) to Dec. 2022 (¥15 Mil) and declined from Dec. 2022 (¥15 Mil) to Dec. 2023 (¥7 Mil).

Shanghai Huace Navigation Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Huace Navigation Technology'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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Shanghai Huace Navigation Technology Long-Term Capital Lease Obligation Chart

Shanghai Huace Navigation Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.22

34.87

14.71

6.91

Shanghai Huace Navigation Technology 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															9.83	6.32	6.31	6.91	6.49

Shanghai Huace Navigation Technology (SZSE:300627) 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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Shanghai Huace Navigation Technology (SZSE:300627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Huace Navigation Technology Ltd (SZSE:300627) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 599, Gaojing Road, 3rd Floor, Building D, Qingpu District, Shanghai, CHN, 201702

Website

http://www.chcnav.com

Shanghai Huace Navigation Technology Ltd manufactures satellite navigation and positioning systems and equipment, geographic information and disaster monitoring system and equipment. It provides positioning solutions for surveying, construction, GIS and marine applications in various countries. The company offers products for GIS data collection, GNSS infrastructure, unmanned aircraft systems, marine construction, optical surveying, GNSS survey and engineering, and precision agriculture.

Executives

Zhao Yan Ping	Director
Pu Dong Guo	Directors, executives
Wang Xiang Zhong	Directors, executives
Gao Zhan Wu	Executives
Wang Jie Jun	Directors, executives
Wang Li	Supervisors

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