Weichai Heavy Machinery Co (SZSE:000880) Long-Term Capital Lease Obligation : ¥0 Mil (As of Mar. 2024)

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What is Weichai Heavy Machinery Co Long-Term Capital Lease Obligation?

Weichai Heavy Machinery Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil.

Weichai Heavy Machinery Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥8 Mil) to Dec. 2022 (¥0 Mil) but then stayed the same from Dec. 2022 (¥0 Mil) to Dec. 2023 (¥0 Mil).

Weichai Heavy Machinery Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Weichai Heavy Machinery 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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Weichai Heavy Machinery Co Long-Term Capital Lease Obligation Chart

Weichai Heavy Machinery Co Annual Data

Trend

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Long-Term Capital Lease Obligation

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8.24

Weichai Heavy Machinery Co Quarterly Data
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Weichai Heavy Machinery Co (SZSE:000880) 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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Weichai Heavy Machinery Co (SZSE:000880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weichai Heavy Machinery Co Ltd (SZSE:000880) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Minsheng East Street, Shandong Province, Weifang, CHN, 261001

Website

http://www.weichaihm.com

Weichai Heavy Machinery Co Ltd is a China-based company engaged in developing, manufacturing and selling marine power and power generating units. Its product portfolio includes medium-speed diesel engines, power generating sets, powertrain system for marine power, generating device market, diesel engine parts and marine gearbox parts. The company provides core power and complete solutions to the global shipping and energy electricity market.

Executives

Yang Qi Yun	Independent director
Li De	Executives
Bao Sheng Qing	Independent director

Weichai Heavy Machinery Co (SZSE:000880) Headlines

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