Shandong Shuangyi Technology Co (SZSE:300690) Long-Term Capital Lease Obligation : ¥6.8 Mil (As of Mar. 2024)

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What is Shandong Shuangyi Technology Co Long-Term Capital Lease Obligation?

Shandong Shuangyi Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6.8 Mil.

Shandong Shuangyi Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥3.0 Mil) to Dec. 2023 (¥6.8 Mil) and increased from Dec. 2023 (¥6.8 Mil) to Mar. 2024 (¥6.8 Mil).

Shandong Shuangyi Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥2.9 Mil) to Dec. 2022 (¥1.6 Mil) but then increased from Dec. 2022 (¥1.6 Mil) to Dec. 2023 (¥6.8 Mil).

Shandong Shuangyi Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shandong Shuangyi 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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Shandong Shuangyi Technology Co Long-Term Capital Lease Obligation Chart

Shandong Shuangyi Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.92

2.88

1.65

6.80

Shandong Shuangyi 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															2.91	2.94	2.97	6.80	6.82

Shandong Shuangyi Technology Co (SZSE:300690) 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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Shandong Shuangyi Technology Co (SZSE:300690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Shuangyi Technology Co Ltd (SZSE:300690) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Shuangyi Road, Xinhua Industrial Park, Decheng District, Shandong Province, Dezhou, CHN, 253007

Website

http://www.shuangyitec.com

Shandong Shuangyi Technology Co Ltd is a metal fabrication company based in China. The company is primarily engaged in the design, research and development, production, sales and service of composite products. The products are categorized into non-metallic mould machining, wind turbine nacelle cover, advanced composite materials, public and rail transit, yacht and boat, engineering and agricultural machinery and medical appliance.

Executives

Ren Yu Sheng	Supervisors
Cui Hai Jun	Director
Feng Hao Zhen	Executives
Zhang Jun Xia	Supervisors
Yao Jian Mei	Directors, executives
Zhao Fu Cheng	Directors, executives
Zhang Sheng Qiang	Executives
Kong Ling Hui	Directors, executives
Wang Kai	Executives
Wang Shou Yang	Securities Affairs Representative

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