Chaozhou Three-Circle (Group) Co (SZSE:300408) Long-Term Capital Lease Obligation : ¥26 Mil (As of Mar. 2024)

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What is Chaozhou Three-Circle (Group) Co Long-Term Capital Lease Obligation?

Chaozhou Three-Circle (Group) Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥26 Mil.

Chaozhou Three-Circle (Group) Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥28 Mil) to Dec. 2023 (¥27 Mil) and declined from Dec. 2023 (¥27 Mil) to Mar. 2024 (¥26 Mil).

Chaozhou Three-Circle (Group) Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥2 Mil) to Dec. 2022 (¥31 Mil) but then declined from Dec. 2022 (¥31 Mil) to Dec. 2023 (¥27 Mil).

Chaozhou Three-Circle (Group) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chaozhou Three-Circle (Group) 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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Chaozhou Three-Circle (Group) Co Long-Term Capital Lease Obligation Chart

Chaozhou Three-Circle (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.07

1.74

30.64

26.57

Chaozhou Three-Circle (Group) 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															29.76	28.63	27.82	26.57	26.38

Chaozhou Three-Circle (Group) Co (SZSE:300408) 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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Chaozhou Three-Circle (Group) Co (SZSE:300408) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chaozhou Three-Circle (Group) Co Ltd (SZSE:300408) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sanhuan Industrial District, Fengtang, Chaozhou, Guangdong, CHN, 515646

Website

http://www.cctc.cc

Chaozhou Three-Circle (Group) Co Ltd is a China-based company engages in the field of electronic components and ceramics. Its products include fiber optic component, ceramic substrates, multilayer ceramic chip capacitor, resistors, ceramic rods, light-emitting diode ceramic package, surface mount device ceramic package, electronic-ceramic parts, mechanical structural ceramic parts, metalized ceramics, electric ceramics, fashion ceramics, ceramic blade, and aluminum nitride ceramic substrates.

Executives

Ge Yun Cheng	Supervisors
Qiu Ji Hua	Directors, executives
Wu Xiao Chun	Securities Affairs Representative
Gu Qun	Independent director
Xie Can Sheng	Directors, executives
Zhang Wei Fa	Executives
Ye Ying Qing	Supervisors
Long Yu Kun	Executives

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