Sino Wealth Electronic (SZSE:300327) Long-Term Capital Lease Obligation : ¥1 Mil (As of Mar. 2024)

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What is Sino Wealth Electronic Long-Term Capital Lease Obligation?

Sino Wealth Electronic's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil.

Sino Wealth Electronic's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥2 Mil) to Dec. 2023 (¥2 Mil) and declined from Dec. 2023 (¥2 Mil) to Mar. 2024 (¥1 Mil).

Sino Wealth Electronic's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥6 Mil) to Dec. 2022 (¥4 Mil) and declined from Dec. 2022 (¥4 Mil) to Dec. 2023 (¥2 Mil).

Sino Wealth Electronic Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sino Wealth Electronic'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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Sino Wealth Electronic Long-Term Capital Lease Obligation Chart

Sino Wealth Electronic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.50

6.34

4.23

1.80

Sino Wealth Electronic 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															3.53	3.04	2.44	1.80	1.50

Sino Wealth Electronic (SZSE:300327) 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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Sino Wealth Electronic (SZSE:300327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sino Wealth Electronic Ltd (SZSE:300327) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Lane 767, Jinzhong Road, Changning District, Shanghai, CHN, 200335

Website

http://www.sinowealth.com

Sino Wealth Electronic Ltd operates in the semiconductor industry. The company is specialized in design and sales of an integrated circuit. The product offering includes 4-bit OTP/MASK MCU, 8-bit OTP/MASK MCU, 8-bit FLASH MCU, PH MCU and others. The products are mainly applied to household appliances, automotive electronics peripherals, sports equipment, health and medical care, instrumentation, security, power control, digital electrical generator, network music, and wireless communication equipment.

Executives

Zhu Bing Jun	Directors, executives
Fu Qi Ming	Director
Ceng Xiao Yang	Independent director
Pan Yi De	Directors, executives
Hu Hui	Supervisors

Sino Wealth Electronic (SZSE:300327) Headlines

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