GCL System Integration Technology Co (SZSE:002506) Long-Term Capital Lease Obligation : ¥1,180 Mil (As of Mar. 2024)

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What is GCL System Integration Technology Co Long-Term Capital Lease Obligation?

GCL System Integration Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,180 Mil.

GCL System Integration Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥178 Mil) to Dec. 2023 (¥1,181 Mil) but then declined from Dec. 2023 (¥1,181 Mil) to Mar. 2024 (¥1,180 Mil).

GCL System Integration Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥161 Mil) to Dec. 2022 (¥191 Mil) and increased from Dec. 2022 (¥191 Mil) to Dec. 2023 (¥1,181 Mil).

GCL System Integration Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for GCL System Integration 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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GCL System Integration Technology Co Long-Term Capital Lease Obligation Chart

GCL System Integration Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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13.31

99.83

161.36

191.43

1,180.70

GCL System Integration 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															194.82	194.35	178.47	1,180.70	1,180.34

GCL System Integration Technology Co (SZSE:002506) 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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GCL System Integration Technology Co (SZSE:002506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GCL System Integration Technology Co Ltd (SZSE:002506) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Industrial Park Xinqing Road on the 28th, Jiangsu Province, Suzhou, CHN

Website

http://www.gclsi.com

GCL System Integration Technology Co Ltd is an energy conglomerate specializing in clean and sustainable power production. The company offers a wide range of products for a variety of application environments, including modules of standard 60/72-piece, dual-glass, high-efficiency polysilicon PERC, and half-cell. It has a business footprint across 31 provinces, municipalities and autonomous regions of mainland China, Hong Kong, Taiwan, as well as Africa, North America, Southeast Asia and Europe.

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