China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Long-Term Capital Lease Obligation : ¥3.8 Mil (As of Mar. 2024)

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What is China Machinery Huanyu Certification and Inspection Co Long-Term Capital Lease Obligation?

China Machinery Huanyu Certification and Inspection Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3.8 Mil.

China Machinery Huanyu Certification and Inspection Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥2.8 Mil) to Dec. 2023 (¥4.3 Mil) but then declined from Dec. 2023 (¥4.3 Mil) to Mar. 2024 (¥3.8 Mil).

China Machinery Huanyu Certification and Inspection Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥5.2 Mil) to Dec. 2022 (¥3.2 Mil) but then increased from Dec. 2022 (¥3.2 Mil) to Dec. 2023 (¥4.3 Mil).

China Machinery Huanyu Certification and Inspection Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Machinery Huanyu Certification and Inspection 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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China Machinery Huanyu Certification and Inspection Co Long-Term Capital Lease Obligation Chart

China Machinery Huanyu Certification and Inspection Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

9.73

5.20

3.23

4.32

China Machinery Huanyu Certification and Inspection Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	3.63	2.78	4.32	3.76

China Machinery Huanyu Certification and Inspection Co (SZSE:301508) 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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China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Machinery Huanyu Certification and Inspection Co Ltd (SZSE:301508) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 32, Tianrong Street, Beizangcun Town, Daxing, Beijing, CHN, 102609

Website

http://www.cmhci.com.cn

China Machinery Huanyu Certification and Inspection Co Ltd provides Product inspection and testing services for complete automobiles, military equipment, engineering machinery, special equipment, civil aviation ground equipment, parts and components, as well as certification services such as product certification, system certification and service certification.

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