iRay Technology Co (SHSE:688301) Long-Term Capital Lease Obligation : ¥119 Mil (As of Mar. 2024)

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What is iRay Technology Co Long-Term Capital Lease Obligation?

iRay Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥119 Mil.

iRay Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥122 Mil) to Dec. 2023 (¥117 Mil) but then increased from Dec. 2023 (¥117 Mil) to Mar. 2024 (¥119 Mil).

iRay Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥8 Mil) to Dec. 2022 (¥126 Mil) but then declined from Dec. 2022 (¥126 Mil) to Dec. 2023 (¥117 Mil).

iRay Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for iRay Technology 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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iRay Technology Co Long-Term Capital Lease Obligation Chart

iRay Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.75

8.13

125.92

117.06

iRay Technology 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															132.71	130.88	121.83	117.06	118.92

iRay Technology Co (SHSE:688301) 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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iRay Technology Co (SHSE:688301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iRay Technology Co Ltd (SHSE:688301) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.590 Ruiqing Road, Room 202, 2nd Floor, Building 9, Pudong New Area, Shanghai, CHN, 201201

Website

http://www.iraygroup.com

iRay Technology Co Ltd is engaged in development and manufacturing of key X-ray system components used in medical, dental, veterinary and industrial imaging applications. The company's products portfolio includes Wireless Radiography Detectors; Tethered Radiography Detectors; Mammography Detectors; Dynamic/Real-time Detectors; Linear Detector Arrays; Software; and Other.

Executives

	Director
	Directors, senior managers, core technical personn

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