Ningbonxing Medical Electric Co (SHSE:601567) Long-Term Capital Lease Obligation : ¥820 Mil (As of Mar. 2024)

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What is Ningbonxing Medical Electric Co Long-Term Capital Lease Obligation?

Ningbonxing Medical Electric Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥820 Mil.

Ningbonxing Medical Electric Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥703 Mil) to Dec. 2023 (¥757 Mil) and increased from Dec. 2023 (¥757 Mil) to Mar. 2024 (¥820 Mil).

Ningbonxing Medical Electric Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥137 Mil) to Dec. 2022 (¥435 Mil) and increased from Dec. 2022 (¥435 Mil) to Dec. 2023 (¥757 Mil).

Ningbonxing Medical Electric Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ningbonxing Medical Electric 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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Ningbonxing Medical Electric Co Long-Term Capital Lease Obligation Chart

Ningbonxing Medical Electric Co Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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92.23

136.88

434.91

757.29

Ningbonxing Medical Electric 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															459.32	598.17	703.21	757.29	820.12

Ningbonxing Medical Electric Co (SHSE:601567) 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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Ningbonxing Medical Electric Co (SHSE:601567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Sanxing Medical Electric Co Ltd (SHSE:601567) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.17 Fenglin Road, Cicheng Tow, Jiangbei District, Ningbo, CHN, 315034

Website

http://www.sanxing.com

Ningbo Sanxing Medical Electric Co Ltd operates in the electricity measurement industry. The product portfolio of the group includes the Meter box, Smart substation, Switchgear, Power distribution automation devices and others. Geographically the firm operated through China however its business presence is also seen internationally.

Executives

Zheng Jian Jiang	Director
Guo Su	Directors, senior managers
Shen Guo Ying	Directors, senior managers
Zheng Jun Da	Supervisors
Mou Xi Lei	Directors, senior managers
Xin Ning	Director
Liang Song Luan	senior management
Fu Guo Yi	Supervisors
Li Wei Qing	Director

Ningbonxing Medical Electric Co (SHSE:601567) Headlines

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