Cubic Sensor and Instrument Co (SHSE:688665) Long-Term Capital Lease Obligation : ¥11.1 Mil (As of Mar. 2024)

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What is Cubic Sensor and Instrument Co Long-Term Capital Lease Obligation?

Cubic Sensor and Instrument Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥11.1 Mil.

Cubic Sensor and Instrument Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥4.0 Mil) to Dec. 2023 (¥11.8 Mil) but then declined from Dec. 2023 (¥11.8 Mil) to Mar. 2024 (¥11.1 Mil).

Cubic Sensor and Instrument Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0.2 Mil) to Dec. 2022 (¥4.6 Mil) and increased from Dec. 2022 (¥4.6 Mil) to Dec. 2023 (¥11.8 Mil).

Cubic Sensor and Instrument Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cubic Sensor and Instrument 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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Cubic Sensor and Instrument Co Long-Term Capital Lease Obligation Chart

Cubic Sensor and Instrument Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.54

0.25

4.58

11.80

Cubic Sensor and Instrument Co Quarterly Data
	Mar19	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															4.23	4.34	4.00	11.80	11.10

Cubic Sensor and Instrument Co (SHSE:688665) 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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Cubic Sensor and Instrument Co (SHSE:688665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cubic Sensor and Instrument Co Ltd (SHSE:688665) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Fenghuangyuan 3rd Road, Phoenix Industrial Park, Donghu New Technology Development Zone, Hubei Province, Wuhan, CHN, 430205

Website

http://www.gassensor.com.cn

Cubic Sensor and Instrument Co Ltd is engaged in the research and development, production and sales of gas sensors and gas analysis instruments.

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