OFILM Group Co (SZSE:002456) Long-Term Capital Lease Obligation : ¥318 Mil (As of Mar. 2024)

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What is OFILM Group Co Long-Term Capital Lease Obligation?

OFILM Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥318 Mil.

OFILM Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥311 Mil) to Dec. 2023 (¥297 Mil) but then increased from Dec. 2023 (¥297 Mil) to Mar. 2024 (¥318 Mil).

OFILM Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥265 Mil) to Dec. 2022 (¥317 Mil) but then declined from Dec. 2022 (¥317 Mil) to Dec. 2023 (¥297 Mil).

OFILM Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for OFILM Group 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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OFILM Group Co Long-Term Capital Lease Obligation Chart

OFILM Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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725.76

265.48

316.80

296.68

OFILM Group 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															307.57	316.73	311.29	296.68	318.12

OFILM Group Co (SZSE:002456) 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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OFILM Group Co (SZSE:002456) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » OFILM Group Co Ltd (SZSE:002456) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Huafa Road, Songbai Road, Gongming Street, Oufeiguang Science and Technology Park, Guangming New District, Guangdong, Baoan District, Shenzhen, CHN, 518107

Website

http://www.ofilm.com

OFILM Group Co Ltd manufactures precision optics and optoelectronics films. The company's products include a touch panel module, a fingerprint recognition module, and electronic products of the intelligent vehicle among others. Its products are used in the smartphone, tablet PC, smart car, and wearable electronics. The firm has branches in China, the United States, Japan, South Korea, and Europe.

Executives

Li Yun	Supervisors
Liu Xiao Chen	Directors, executives
Li Ying Ping	Executives
Ye Qing Biao	Executives
Hai Jiang	Directors, executives
Huang Li Hui	Directors, executives
Luo Yong Hui	Supervisors
Yin Yun Yun	Executives
Zhou Liang	Directors, executives
Tan Zhen Lin	Executives
Yao Fei	Executives
Ceng Zhao Hao	Executives
Cai Xue Peng	Directors, executives
Lin Hong Ping	Supervisors
Shen Cheng Zhe	Executives

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