Changzhou Fusion New Material Co (SHSE:688503) Long-Term Capital Lease Obligation : ¥14 Mil (As of Mar. 2024)

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What is Changzhou Fusion New Material Co Long-Term Capital Lease Obligation?

Changzhou Fusion New Material Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥14 Mil.

Changzhou Fusion New Material Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥8 Mil) to Dec. 2023 (¥10 Mil) and increased from Dec. 2023 (¥10 Mil) to Mar. 2024 (¥14 Mil).

Changzhou Fusion New Material Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0 Mil) to Dec. 2022 (¥9 Mil) and increased from Dec. 2022 (¥9 Mil) to Dec. 2023 (¥10 Mil).

Changzhou Fusion New Material Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Changzhou Fusion New Material 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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Changzhou Fusion New Material Co Long-Term Capital Lease Obligation Chart

Changzhou Fusion New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.25

9.11

9.96

Changzhou Fusion New Material Co Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											10.73	9.30	8.08	9.96	13.92

Changzhou Fusion New Material Co (SHSE:688503) 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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Changzhou Fusion New Material Co (SHSE:688503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Changzhou Fusion New Material Co Ltd (SHSE:688503) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 66 Liuyanghe Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213031

Website

http://www.fusion-cz.com

Changzhou Fusion New Material Co Ltd specializes in the research and development, production and sales of new electronic pastes. The company's main product is front silver paste for solar cells. Front silver paste is a functional material based on silver powder, which is the key material for the preparation of solar cell metal electrodes. Its product performance and preparation process are directly related to the photoelectric conversion efficiency of solar cells.

Executives

Ren Yi Chao

Core technical personnel

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