SUPCON Technology Co (SHSE:688777) Long-Term Capital Lease Obligation : ¥14 Mil (As of Mar. 2024)

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

SUPCON Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥14 Mil.

SUPCON Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥17 Mil) to Dec. 2023 (¥21 Mil) but then declined from Dec. 2023 (¥21 Mil) to Mar. 2024 (¥14 Mil).

SUPCON Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥12 Mil) to Dec. 2022 (¥17 Mil) and increased from Dec. 2022 (¥17 Mil) to Dec. 2023 (¥21 Mil).

SUPCON Technology Co Long-Term Capital Lease Obligation Historical Data

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

SUPCON Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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15.38

11.73

17.48

21.21

SUPCON Technology 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															16.78	18.63	17.43	21.21	14.06

SUPCON Technology Co (SHSE:688777) 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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SUPCON Technology Co (SHSE:688777) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SUPCON Technology Co Ltd (SHSE:688777) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 309, Liuhe Road, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310053

Website

http://www.supcontech.com

SUPCON Technology Co Ltd is engaged in providing technologies and products with automation control system covering industrial software, automation instrumentation and operation and maintenance services. Its products include Total solution, Instruments, PCS, APC & MES, and ERP. Its products are used in various industries including Oil & Gas; Petrochemical & Refinery; Chemical; Power; Building Material; Pulp & Paper; Metallurgy; among others.

Executives

Chen Yu	Core technical personnel
Lai Jing Yu	senior management
Shen Hui	senior management
Qiu Kun	Senior management, core technical personnel
	senior management
Ding Xiao Bo	senior management
Mo Wei	senior management
Yao Jie	Core technical personnel
Yu Hai Bin	senior management
Zhang Lei	senior management
Lu Wei Jun	Core technical personnel
Guo Biao	senior management
Liang Qiao Chu	Supervisors
Fang Yong Sheng	senior management
Jin Jian Xiang	Director

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