Hangzhou Hik-Vision Digital Technology Co (SZSE:002415) Long-Term Capital Lease Obligation : ¥342 Mil (As of Mar. 2024)

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What is Hangzhou Hik-Vision Digital Technology Co Long-Term Capital Lease Obligation?

Hangzhou Hik-Vision Digital Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥342 Mil.

Hangzhou Hik-Vision Digital Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥278 Mil) to Dec. 2023 (¥344 Mil) but then declined from Dec. 2023 (¥344 Mil) to Mar. 2024 (¥342 Mil).

Hangzhou Hik-Vision Digital Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥318 Mil) to Dec. 2022 (¥277 Mil) but then increased from Dec. 2022 (¥277 Mil) to Dec. 2023 (¥344 Mil).

Hangzhou Hik-Vision Digital Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hangzhou Hik-Vision Digital 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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Hangzhou Hik-Vision Digital Technology Co Long-Term Capital Lease Obligation Chart

Hangzhou Hik-Vision Digital Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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230.06

317.95

277.26

344.01

Hangzhou Hik-Vision Digital Technology 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															288.47	300.22	278.31	344.01	342.40

Hangzhou Hik-Vision Digital Technology Co (SZSE:002415) 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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Hangzhou Hik-Vision Digital Technology Co (SZSE:002415) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hangzhou Hik-Vision Digital Technology Co Ltd (SZSE:002415) » Definitions » Long-Term Capital Lease Obligation

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Address

No.555 Qianmo Road, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310051

Website

http://www.hikvision.com

Hangzhou Hikvision Digital Technology is the world's largest manufacturer of video surveillance equipment. Since then, the company has been growing its software and analytics offerings, as customers are increasingly seeking customized total solutions. Hikvision is also developing its Innovative businesses, which accounted for 18% of overall 2022 revenue. The smart-home business is powered by the EZVIZ consumer brand. Innovative business includes the development of industrial robotics, automotive electronics, X-ray sensors, infrared sensors, memory products and medical systems. Hikvision employs more than 58,000 people.

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