Gotion High-tech Co (SZSE:002074) Long-Term Capital Lease Obligation : ¥220 Mil (As of Mar. 2024)

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What is Gotion High-tech Co Long-Term Capital Lease Obligation?

Gotion High-tech Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥220 Mil.

Gotion High-tech Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥233 Mil) to Dec. 2023 (¥229 Mil) and declined from Dec. 2023 (¥229 Mil) to Mar. 2024 (¥220 Mil).

Gotion High-tech Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥6 Mil) to Dec. 2022 (¥164 Mil) and increased from Dec. 2022 (¥164 Mil) to Dec. 2023 (¥229 Mil).

Gotion High-tech Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gotion High-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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Gotion High-tech Co Long-Term Capital Lease Obligation Chart

Gotion High-tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.00

6.20

163.98

229.10

Gotion High-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															233.24	227.64	232.62	229.10	220.08

Gotion High-tech Co (SZSE:002074) 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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Gotion High-tech Co (SZSE:002074) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gotion High-tech Co Ltd (SZSE:002074) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 599 Daihe Road, Xinzhan District, Hefei, CHN, 230012

Website

http://www.gotion.com.cn

Established in 2006 in Hefei, Anhui province, Gotion High-tech, is one of the first enterprises engaged in research, production, and sales of rechargeable lithium-ion batteries for NEVs in China. Its main products include lithium iron phosphate materials and batteries, ternary batteries, battery packs, and energy storage batteries. The products are widely used in new energy passenger vehicles, commercial vehicles, energy storage power plants, communication base stations, and so on. Gotion ranked eighth among global EV battery companies with 3% market share in 2022 in terms of installed capacity, and fourth in China with 5% market share. The company is 25%-owned by Volkswagen Group with Chairman Li Zhen holding around 7%.

Executives

An Dong Liang	Executives
	Director
Wu Yong Gang	Executives
Hou Fei	Executives
Peng Ming	Supervisors
Huang Zhang Xi	Executives
	Director
Song Jin Bao	Executives
Yang Xu Lai	Director
Li Zhen	Directors, executives
Shen Qiang Sheng	Securities Affairs Representative
Fang Xin Yu	Executives
Ma Gui Fu	Directors, executives
Hu Jiang Lin	Directors, executives
Qiu Wei Dong	Directors, executives

Gotion High-tech Co (SZSE:002074) Headlines

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