Hangzhou Cable Co (SHSE:603618) Long-Term Capital Lease Obligation : ¥5 Mil (As of Mar. 2024)

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What is Hangzhou Cable Co Long-Term Capital Lease Obligation?

Hangzhou Cable Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5 Mil.

Hangzhou Cable Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0 Mil) to Dec. 2023 (¥5 Mil) but then declined from Dec. 2023 (¥5 Mil) to Mar. 2024 (¥5 Mil).

Hangzhou Cable Co's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (¥0 Mil) to Dec. 2022 (¥0 Mil) but then increased from Dec. 2022 (¥0 Mil) to Dec. 2023 (¥5 Mil).

Hangzhou Cable Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hangzhou Cable 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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Hangzhou Cable Co Long-Term Capital Lease Obligation Chart

Hangzhou Cable Co Annual Data

Trend

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Long-Term Capital Lease Obligation

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4.90

Hangzhou Cable 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															-	-	-	4.90	4.72

Hangzhou Cable Co (SHSE:603618) 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.

Hangzhou Cable Co Long-Term Capital Lease Obligation Related Terms

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Hangzhou Cable Co (SHSE:603618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Cable Co Ltd (SHSE:603618) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

6th Street 68-1, Hangzhou Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

http://www.hzcables.com

Hangzhou Cable Co Ltd engaged in the research and development, manufacturing and sale of wire and cable. The Company researches develop, produces and markets EHV cables, plastic wire, rubber cable and aerial cable, Aluminium alloy, Power cable, Rubber sleeve cable, Overhead wire, Mining cable and Control cable.

Executives

Hu Jian Ming	senior management
Hua Jian Fei	Director
Lu Chun Xiao	Director
Ni Yi Jian	Directors, senior managers
Zhang Xu Dong	Supervisors
Yin Zhi Ping	senior management
Zhang Qin Ying	Director
Zheng Xiu Hua	Director
Sun Qing Yan	Director
Zhang Xiu Hua	senior management

Hangzhou Cable Co (SHSE:603618) Headlines

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