ADD Industry (Zhejiang) (SHSE:603089) Long-Term Capital Lease Obligation : ¥8 Mil (As of Mar. 2024)

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What is ADD Industry (Zhejiang) Long-Term Capital Lease Obligation?

ADD Industry (Zhejiang)'s Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8 Mil.

ADD Industry (Zhejiang)'s quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥8 Mil) to Dec. 2023 (¥9 Mil) but then declined from Dec. 2023 (¥9 Mil) to Mar. 2024 (¥8 Mil).

ADD Industry (Zhejiang)'s annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥19 Mil) to Dec. 2022 (¥12 Mil) and declined from Dec. 2022 (¥12 Mil) to Dec. 2023 (¥9 Mil).

ADD Industry (Zhejiang) Long-Term Capital Lease Obligation Historical Data

The historical data trend for ADD Industry (Zhejiang)'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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ADD Industry (Zhejiang) Long-Term Capital Lease Obligation Chart

ADD Industry (Zhejiang) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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26.03

19.04

11.72

9.28

ADD Industry (Zhejiang) 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															10.37	8.64	8.18	9.28	7.70

ADD Industry (Zhejiang) (SHSE:603089) 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.

ADD Industry (Zhejiang) Long-Term Capital Lease Obligation Related Terms

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ADD Industry (Zhejiang) (SHSE:603089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ADD Industry (Zhejiang) Corp Ltd (SHSE:603089) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

38-88 shuanggang road, Zhejiang Province, Yuhuan County, CHN, 317600

Website

http://www.addchina.com

ADD Industry (Zhejiang) Corp Ltd manufactures and sells shock absorbers for vehicle suspension system. It offers twin-tube shock absorbers, strut cartridges, shock absorbers with spring seat, struts, airbag shock absorbers, strut assemblies, steering dampers, adjustable shock absorbers, and cabin dampers for passenger and commercial vehicles.

Executives

Zheng Lian Ping	Director
Liu Yong	Director
Ye Wei Ming	Supervisors
Chen Ling Hui	Directors, senior managers
Zheng Nian Hui	Director

ADD Industry (Zhejiang) (SHSE:603089) Headlines

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