Xiamen Solex High-Tech Industries Co (SHSE:603992) Long-Term Capital Lease Obligation : ¥25 Mil (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Xiamen Solex High-Tech Industries Co Long-Term Capital Lease Obligation?

Xiamen Solex High-Tech Industries Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥25 Mil.

Xiamen Solex High-Tech Industries Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥29 Mil) to Dec. 2023 (¥27 Mil) and declined from Dec. 2023 (¥27 Mil) to Mar. 2024 (¥25 Mil).

Xiamen Solex High-Tech Industries Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥367 Mil) to Dec. 2022 (¥154 Mil) and declined from Dec. 2022 (¥154 Mil) to Dec. 2023 (¥27 Mil).

Xiamen Solex High-Tech Industries Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xiamen Solex High-Tech Industries 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.

* Premium members only.

Xiamen Solex High-Tech Industries Co Long-Term Capital Lease Obligation Chart

Xiamen Solex High-Tech Industries Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

63.04

366.58

153.69

26.68

Xiamen Solex High-Tech Industries 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															154.21	150.41	29.20	26.68	25.24

Xiamen Solex High-Tech Industries Co (SHSE:603992) 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.

Xiamen Solex High-Tech Industries Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Xiamen Solex High-Tech Industries Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Xiamen Solex High-Tech Industries Co (SHSE:603992) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Xiamen Solex High-Tech Industries Co Ltd (SHSE:603992) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Haijing East Road, A06, 4th Floor, Xiamen District, Fujian Province, China (Fujian) Free Trade Zone, Xiamen, CHN, 361026

Website

https://www.solex.cn

Xiamen Solex High-Tech Industries Co Ltd is engaged in the designing and manufacturing of precision product lines, such as showers, hoses, faucets, shower systems, enclosures, cabinets and others.

Executives

Wei Ling	Directors, senior managers
Wu Chao Hua	Directors, senior managers
Cao Bin	senior management
Chen Bin	Directors, senior managers

Xiamen Solex High-Tech Industries Co (SHSE:603992) Headlines

No Headlines