Motorcomm Electronic Technology Co (SHSE:688515) Long-Term Capital Lease Obligation : ¥6.4 Mil (As of Mar. 2024)

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What is Motorcomm Electronic Technology Co Long-Term Capital Lease Obligation?

Motorcomm Electronic Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6.4 Mil.

Motorcomm Electronic Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥18.6 Mil) to Dec. 2023 (¥7.9 Mil) and declined from Dec. 2023 (¥7.9 Mil) to Mar. 2024 (¥6.4 Mil).

Motorcomm Electronic Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥11.3 Mil) to Dec. 2022 (¥5.4 Mil) but then increased from Dec. 2022 (¥5.4 Mil) to Dec. 2023 (¥7.9 Mil).

Motorcomm Electronic Technology Co Long-Term Capital Lease Obligation Historical Data

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

Motorcomm Electronic Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

7.22

11.26

5.44

7.89

Motorcomm Electronic Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								24.63	20.91	18.63	7.89	6.43

Motorcomm Electronic Technology Co (SHSE:688515) 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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Motorcomm Electronic Technology Co (SHSE:688515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Motorcomm Electronic Technology Co Ltd (SHSE:688515) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 78, Keling Road, Room 201, Building 4, Science and Technology City, High-tech Zone, Jiangsu Province, Suzhou, CHN, 215163

Website

https://www.motor-comm.com

Motorcomm Electronic Technology Co Ltd is engaged in the research and development, design and sales of high-speed wired communication chips.

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