Xiamen Changelight Co (SZSE:300102) Long-Term Capital Lease Obligation : ¥18 Mil (As of Mar. 2024)

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What is Xiamen Changelight Co Long-Term Capital Lease Obligation?

Xiamen Changelight Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥18 Mil.

Xiamen Changelight Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0 Mil) to Dec. 2023 (¥4 Mil) and increased from Dec. 2023 (¥4 Mil) to Mar. 2024 (¥18 Mil).

Xiamen Changelight Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥1 Mil) to Dec. 2022 (¥0 Mil) but then increased from Dec. 2022 (¥0 Mil) to Dec. 2023 (¥4 Mil).

Xiamen Changelight Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xiamen Changelight 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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Xiamen Changelight Co Long-Term Capital Lease Obligation Chart

Xiamen Changelight Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.09

1.46

0.21

4.06

Xiamen Changelight 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															0.03	0.02	0.03	4.06	18.24

Xiamen Changelight Co (SZSE:300102) 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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Xiamen Changelight Co (SZSE:300102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xiamen Changelight Co Ltd (SZSE:300102) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Xiangyue Road, Xiamen Torch Xiang An, Industry Park, Xiamen, CHN

Website

http://www.changelight.com.cn

Xiamen Changelight Co Ltd is engaged in the research, development, production, and sale of semiconductor materials in China. The company mainly produces full-color ultra-bright LED epitaxial wafers and chips, high-performance gallium arsenide solar cells, LED lighting products and provides energy-saving lighting application solutions. The product distribution network covers all parts of the country and Southeast Asia.

Executives

Liu Zhao	Executives
Li Min Hua	Director
Jin Zhang Yu	Director
Cai Hai Fang	Executives
Zheng Yuan Xin	Executives
Niu Xing Sheng	Executives
Liu Wen Hui	Directors, executives
Zhang Xian Cheng	Executives
Peng Xing Hua	Executives
Cai Yu Mei	Supervisors
Wang Wei Yong	Director
Zhang Shuang Xiang	Executives
Wang Jian Hong	Supervisors
Deng Dian Ming	Director
Wang Xiang Wu	Directors, executives

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