Huagong Tech Co (SZSE:000988) Long-Term Capital Lease Obligation : ¥23 Mil (As of Mar. 2024)

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What is Huagong Tech Co Long-Term Capital Lease Obligation?

Huagong Tech Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥23 Mil.

Huagong Tech Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥25 Mil) to Dec. 2023 (¥13 Mil) but then increased from Dec. 2023 (¥13 Mil) to Mar. 2024 (¥23 Mil).

Huagong Tech Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥26 Mil) to Dec. 2022 (¥38 Mil) but then declined from Dec. 2022 (¥38 Mil) to Dec. 2023 (¥13 Mil).

Huagong Tech Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Huagong Tech 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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Huagong Tech Co Long-Term Capital Lease Obligation Chart

Huagong Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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36.44

26.31

37.52

12.75

Huagong Tech Co Quarterly Data
	Jun19	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															48.10	28.22	24.66	12.75	22.77

Huagong Tech Co (SZSE:000988) 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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Huagong Tech Co (SZSE:000988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Huagong Tech Co Ltd (SZSE:000988) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Huazhong University of Science and Technology University, Huagong Technology Headquarters Building, Wuhan East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430223

Website

http://www.hgtech.com.cn

Huagong Tech Co Ltd is a China-based company principally engaged in the business of laser equipment manufacturing, optical communications and laser holographic anti-counterfeiting of sensitive products and components. The company's products are widely used in machinery manufacturing, aerospace, automobile industry, and iron and steel metallurgy and other industries. In addition, the company also offers solutions such as energy industry laser processing solutions, aerospace applications solutions, 3C industry laser processing solutions, automotive industry application solutions, certification industry anti-counterfeiting solutions, intelligent manufacturing service platform and cloud computing centre.

Executives

Xiong Wen	Directors, executives
Zhang Qin	Executives
Liu Han Shu	Directors, Directors, and Executives
Ma Xin Qiang	Directors, executives
Chen Sen Hua	Supervisors
An Xin	Securities Affairs Representative
Min Da Yong	Directors, executives
Nie Bo	Executives
Yang Xiao	Executives
Yang Xing Guo	Executives
Deng Jia Ke	Executives
Cai Xue En	Independent director
Zhu Song Qing	Director
Lv Wei Ping	Independent director
Wang Xiao Bei	Supervisors

Huagong Tech Co (SZSE:000988) Headlines

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