Sumec (SHSE:600710) Long-Term Capital Lease Obligation : ¥1,706 Mil (As of Mar. 2024)

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What is Sumec Long-Term Capital Lease Obligation?

Sumec's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,706 Mil.

Sumec's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥1,734 Mil) to Dec. 2023 (¥1,540 Mil) but then increased from Dec. 2023 (¥1,540 Mil) to Mar. 2024 (¥1,706 Mil).

Sumec's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥2,360 Mil) to Dec. 2022 (¥1,276 Mil) but then increased from Dec. 2022 (¥1,276 Mil) to Dec. 2023 (¥1,540 Mil).

Sumec Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sumec'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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Sumec Long-Term Capital Lease Obligation Chart

Sumec Annual Data

Trend

Dec14

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Dec16

Dec17

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,683.99

2,360.00

1,276.45

1,540.27

Sumec 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															1,465.27	761.46	1,733.71	1,540.27	1,706.07

Sumec (SHSE:600710) 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.

Sumec Long-Term Capital Lease Obligation Related Terms

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Sumec (SHSE:600710) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sumec Corp Ltd (SHSE:600710) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Changjiang Road, SUMEC Building, No. 198, Xuanwu District, Nanjing, CHN, 210018

Website

http://www.sumec.com

Sumec Corp Ltd is engaged in trade and service, engineering contracting, and investment and development. The trade and service cover import and export of the bulk commodities including gardening instruments, electric tools, high-pressure washer, power generation equipment, garment, household textiles, automobile parts, medical devices, and others. Engineering contracting includes environmental engineering, energy engineering, and marine engineering; investment development includes strategic investment, industrial investment, project investment and financial investment.

Executives

Zhao Jian Guo	senior management
Cai Ji Bo	Director
Yang Guo Feng	Supervisors
Peng Yuan Pu	senior management
Jin Yong Chuan	senior management
Yang Yong Qing	Director
Gu Jian Su	senior management
Chen Wei	senior management
Wu Jian Ping	Supervisors
Wang Wei Yan	Director
Zou Jian Mao	senior management
Jin Rong Hua	Supervisors

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