Jiangsu Bide Science And Technology Co (SHSE:605298) Long-Term Capital Lease Obligation : ¥9.7 Mil (As of Mar. 2024)

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What is Jiangsu Bide Science And Technology Co Long-Term Capital Lease Obligation?

Jiangsu Bide Science And Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9.7 Mil.

Jiangsu Bide Science And Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥9.4 Mil) to Dec. 2023 (¥6.6 Mil) but then increased from Dec. 2023 (¥6.6 Mil) to Mar. 2024 (¥9.7 Mil).

Jiangsu Bide Science And Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥4.0 Mil) to Dec. 2022 (¥8.5 Mil) but then declined from Dec. 2022 (¥8.5 Mil) to Dec. 2023 (¥6.6 Mil).

Jiangsu Bide Science And Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiangsu Bide Science And Technology 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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Jiangsu Bide Science And Technology Co Long-Term Capital Lease Obligation Chart

Jiangsu Bide Science And Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.25

3.98

8.53

6.65

Jiangsu Bide Science And Technology Co Quarterly Data
	Dec17	Dec18	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															9.34	9.36	9.42	6.65	9.72

Jiangsu Bide Science And Technology Co (SHSE:605298) 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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Jiangsu Bide Science And Technology Co (SHSE:605298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jiangsu Bide Science And Technology Co Ltd (SHSE:605298) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27, Yuexiang Road, Yuecheng Town, Jiangsu Province, Jiangyin City, CHN, 214404

Website

http://www.bidekeji.com

Jiangsu Bide Science Shares Co Ltd is engaged in the research and development, production and sales of railway passenger car and vehicle accessories. The company's products mainly include accessories such as cable protection, air conditioning, ventilation, and sand-spreading devices for motor vehicle. The product application range covers high-speed EMUs, urban rail subways, railway passenger cars, special vehicles and others.

Executives

Liu Ying	Director
Tang Shuang Xi	Directors, senior managers

Jiangsu Bide Science And Technology Co (SHSE:605298) Headlines

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