KTK Group Co (SHSE:603680) Long-Term Capital Lease Obligation : ¥44 Mil (As of Mar. 2024)

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What is KTK Group Co Long-Term Capital Lease Obligation?

KTK Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥44 Mil.

KTK Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥53 Mil) to Dec. 2023 (¥40 Mil) but then increased from Dec. 2023 (¥40 Mil) to Mar. 2024 (¥44 Mil).

KTK Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥33 Mil) to Dec. 2022 (¥38 Mil) and increased from Dec. 2022 (¥38 Mil) to Dec. 2023 (¥40 Mil).

KTK Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for KTK 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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KTK Group Co Long-Term Capital Lease Obligation Chart

KTK Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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47.53

32.66

38.05

40.18

KTK 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															37.93	37.92	52.78	40.18	43.83

KTK Group Co (SHSE:603680) 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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KTK Group Co (SHSE:603680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » KTK Group Co Ltd (SHSE:603680) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.88-89, Jinchuang Road, Yaoguan Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213000

Website

http://www.ktk.com.cn

KTK Group Co Ltd is engaged in research and development, production, sales and service of rail transit vehicle accessory products. The company's products are mainly divided into rail transport vehicles interior, electrical and equipment products, covering more than a thousand subdivision products such as door system, seat, and kitchen. Further, it is also engaged in the manufacturing of auxiliary electrical systems, information display systems, coupler systems, brake systems, shock absorption systems and other ancillary products. The company primarily serves global rail transit equipment giants such as China CRRC, Bombardier, Alstom, and Siemens, as well as Chinese urban rail metro customers.

Executives

Ge Yao Hong	Directors, senior managers
Sun Chao	senior management
Cao Zhang Bao	senior management
Li Jun	Directors, senior managers
Jin Yan	Directors, senior managers
Wang Hong Bin	senior management
Zou Chun Zhong	senior management
Zhang Huai Bin	senior management
Wang Yi Jin	senior management
Zuo Xiao Peng	senior management
Du Yan	Director
Luo Yi	Directors, senior managers
Yu Jin Kun	Directors, senior managers
Zhang Cun Gang	Supervisors
Qian Bo	Supervisors

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