Biwin Storage Technology Co (SHSE:688525) Long-Term Capital Lease Obligation : ¥7 Mil (As of Mar. 2024)

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What is Biwin Storage Technology Co Long-Term Capital Lease Obligation?

Biwin Storage Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7 Mil.

Biwin Storage Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥8 Mil) to Dec. 2023 (¥8 Mil) and declined from Dec. 2023 (¥8 Mil) to Mar. 2024 (¥7 Mil).

Biwin Storage Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥4 Mil) to Dec. 2022 (¥4 Mil) but then increased from Dec. 2022 (¥4 Mil) to Dec. 2023 (¥8 Mil).

Biwin Storage Technology Co Long-Term Capital Lease Obligation Historical Data

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

Biwin Storage Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.96

4.38

4.24

7.57

Biwin Storage Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										4.24	2.74	8.06	7.57	7.21

Biwin Storage Technology Co (SHSE:688525) 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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Biwin Storage Technology Co (SHSE:688525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Biwin Storage Technology Co Ltd (SHSE:688525) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 1213, Liuxian Avenue, Taoyuan Street, Floor 1-3, Building 4, Building 4, Zone 2, Zhongguan Honghualing Industrial South District, Pingshan Community, Nanshan District, Guangdong, Shenzhen, CHN, 518055

Website

https://www.biwin.com.cn

Biwin Storage Technology Co Ltd focuses on the research and development and packaging and testing of memory chips. The company integrates storage medium characteristic research, firmware algorithm development, storage chip advanced packaging, storage chip test equipment R&D and algorithm development, brand operation and others. Its memory chip products are widely used in mobile smart terminals, PCs, industry terminals, data centers, smart cars, mobile storage and other information technology fields.

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