Lingyi Itech (Guangdong) Co (SZSE:002600) Long-Term Capital Lease Obligation : ¥444 Mil (As of Mar. 2024)

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What is Lingyi Itech (Guangdong) Co Long-Term Capital Lease Obligation?

Lingyi Itech (Guangdong) Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥444 Mil.

Lingyi Itech (Guangdong) Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥497 Mil) to Dec. 2023 (¥487 Mil) and declined from Dec. 2023 (¥487 Mil) to Mar. 2024 (¥444 Mil).

Lingyi Itech (Guangdong) Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥640 Mil) to Dec. 2022 (¥532 Mil) and declined from Dec. 2022 (¥532 Mil) to Dec. 2023 (¥487 Mil).

Lingyi Itech (Guangdong) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lingyi Itech (Guangdong) 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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Lingyi Itech (Guangdong) Co Long-Term Capital Lease Obligation Chart

Lingyi Itech (Guangdong) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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566.55

640.25

531.91

487.47

Lingyi Itech (Guangdong) 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															583.92	541.33	497.40	487.47	443.56

Lingyi Itech (Guangdong) Co (SZSE:002600) 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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Lingyi Itech (Guangdong) Co (SZSE:002600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lingyi Itech (Guangdong) Co Ltd (SZSE:002600) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 8, Longwan Road, GuangDong Province, Jiangmen, CHN, 529000

Website

http://www.lingyiitech.com

Lingyi Itech (Guangdong) Co Ltd is a Chinese company that manufactures magnetic materials, precision components and modules, precision structural parts, liquid crystal display modules, capacitive touch screens, wire and cable, motors, trade logistics, and supply chain finance. Its products are used in consumer electronics, automotive control, smart security, smart wear, smart home, new materials, new energy vehicles and other fields.

Executives

Liu Jian Feng	Supervisors
Fan Wei	Supervisors
Tan Jun	Director
Li Xue Hua	Supervisors
Li Xiao Qing	Executives
Cheng Xin	Independent director
Chen Guo Shi	Director
Cao Yun	Director
Liu Ji Wen	Supervisors
Li Zhong Xuan	Independent director
Wang Yan	Executives
Wang Nan Dong	Directors, executives
Zhou Zhan Feng	Directors, Directors, and Executives
Liu Gang	Directors, executives
Wu Jie	Directors, executives

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