Tongding Interconnection Information Co (SZSE:002491) Long-Term Capital Lease Obligation : ¥6 Mil (As of Mar. 2024)

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What is Tongding Interconnection Information Co Long-Term Capital Lease Obligation?

Tongding Interconnection Information Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6 Mil.

Tongding Interconnection Information Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥10 Mil) to Dec. 2023 (¥6 Mil) but then increased from Dec. 2023 (¥6 Mil) to Mar. 2024 (¥6 Mil).

Tongding Interconnection Information Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥19 Mil) to Dec. 2022 (¥13 Mil) and declined from Dec. 2022 (¥13 Mil) to Dec. 2023 (¥6 Mil).

Tongding Interconnection Information Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tongding Interconnection Information 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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Tongding Interconnection Information Co Long-Term Capital Lease Obligation Chart

Tongding Interconnection Information Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.08

18.65

12.75

6.22

Tongding Interconnection Information 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															11.49	13.09	10.36	6.22	6.22

Tongding Interconnection Information Co (SZSE:002491) 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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Tongding Interconnection Information Co (SZSE:002491) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tongding Interconnection Information Co Ltd (SZSE:002491) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.18, Xiaoping Road, Badu Industrial Zone, Zhenze, Wujiang, Jiangsu, CHN, 215233

Website

http://www.tdgd.com.cn

Tongding Interconnection Information Co Ltd is a China-based fiber optic cable manufacturing company. It specializes in the production of optical fiber, optical fiber cable, optical devices, optical fiber sensors, special optical cables and other products. In addition, the company also provides data center solution, cloud data center cable solution, rail transit cable solution, and wireless signal distribution system.

Executives

Yan Yong Qing	Directors, executives
Liu Dong Yang	Director
Cai Wen Jie	Executives
Chen Hai Bin	Director
Huang Jian	Director
Qian Hui Fang	Director
Peng Sheng Qian	Executives
Zhang Yue Fang	Directors, executives
Jiang Xiao Qiang	Executives
Li Jun	Executives
Shen Feng	Director
Li Long Qin	Director
Chen Bin	Supervisors
He Zhong Liang	Directors, Directors, and Executives
Liu Yan Hui	Executives

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