Zhejiangnhua Intelligent Controls Co (SZSE:002050) Long-Term Capital Lease Obligation : ¥217 Mil (As of Mar. 2024)

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What is Zhejiangnhua Intelligent Controls Co Long-Term Capital Lease Obligation?

Zhejiangnhua Intelligent Controls Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥217 Mil.

Zhejiangnhua Intelligent Controls Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥171 Mil) to Dec. 2023 (¥221 Mil) but then declined from Dec. 2023 (¥221 Mil) to Mar. 2024 (¥217 Mil).

Zhejiangnhua Intelligent Controls Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥158 Mil) to Dec. 2022 (¥202 Mil) and increased from Dec. 2022 (¥202 Mil) to Dec. 2023 (¥221 Mil).

Zhejiangnhua Intelligent Controls Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiangnhua Intelligent Controls 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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Zhejiangnhua Intelligent Controls Co Long-Term Capital Lease Obligation Chart

Zhejiangnhua Intelligent Controls Co Annual Data

Trend

Dec14

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Dec18

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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149.78

157.98

202.03

221.30

Zhejiangnhua Intelligent Controls 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															191.50	204.81	170.78	221.30	217.36

Zhejiangnhua Intelligent Controls Co (SZSE:002050) 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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Zhejiangnhua Intelligent Controls Co (SZSE:002050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Sanhua Intelligent Controls Co Ltd (SZSE:002050) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xiali Street, Qixing Street, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312500

Website

http://www.zjshc.com

Zhejiang Sanhua Intelligent Controls Co Ltd is an HVAC&R manufacturer of controls and components. It is engaged in the research and development, manufacture and distribution of refrigeration and air-conditioning control components, which include 4-way reversing valves, solenoid valves, and electronic expansion valves. The products offered by the company are standard controls and line components, customized controls and line components, electronic controls, and micro-channel heat exchanger. The products have application in air conditioning, commercial refrigeration, heat pump and home appliances. The organization supplies its products in China and internationally.

Executives

Ni Xiao Ming	Director
Hu Kai Cheng	Secretary Dong
Wang Da Yong	Directors, executives
Yu Ying Kui	Executives
Zhang Ya Bo	Directors, executives
Chen Xiao Ming	Supervisors
Chen Yu Zhong	Directors, executives
Wang Yu Tong	Securities Affairs Representative
Weng Wei Feng	Supervisors
Shi Chu Liang	Director
Liu Fei	Executives
Du An Lin	Executives
Li Wen Xiang	Director
Yu Shu Li	Director

Zhejiangnhua Intelligent Controls Co (SZSE:002050) Headlines

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