J Pond Precision Technology Co (SZSE:301326) Long-Term Capital Lease Obligation : ¥25.5 Mil (As of Mar. 2024)

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What is J Pond Precision Technology Co Long-Term Capital Lease Obligation?

J Pond Precision Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥25.5 Mil.

J Pond Precision Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥28.9 Mil) to Dec. 2023 (¥25.4 Mil) but then increased from Dec. 2023 (¥25.4 Mil) to Mar. 2024 (¥25.5 Mil).

J Pond Precision Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥45.1 Mil) to Dec. 2022 (¥37.9 Mil) and declined from Dec. 2022 (¥37.9 Mil) to Dec. 2023 (¥25.4 Mil).

J Pond Precision Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for J Pond Precision 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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J Pond Precision Technology Co Long-Term Capital Lease Obligation Chart

J Pond Precision Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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28.54

45.11

37.89

25.41

J Pond Precision Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										35.26	32.03	28.94	25.41	25.47

J Pond Precision Technology Co (SZSE:301326) 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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J Pond Precision Technology Co (SZSE:301326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » J Pond Precision Technology Co Ltd (SZSE:301326) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 1, R&D 1st Road, Songshan Lake Park, Room 201, Building 1, Guangdong Province, Dongguan, CHN, 523808

Website

http://www.jpond.com.cn

J Pond Precision Technology Co Ltd is engaged in the design, development, production and sales of precision functional parts and structural parts.

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