CIMCfeway Technologies Co (SZSE:301559) Long-Term Capital Lease Obligation : ¥71 Mil (As of Mar. 2024)

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What is CIMCfeway Technologies Co Long-Term Capital Lease Obligation?

CIMCfeway Technologies Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥71 Mil.

CIMCfeway Technologies Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥81 Mil) to Dec. 2023 (¥76 Mil) and declined from Dec. 2023 (¥76 Mil) to Mar. 2024 (¥71 Mil).

CIMCfeway Technologies Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥58 Mil) to Dec. 2022 (¥84 Mil) but then declined from Dec. 2022 (¥84 Mil) to Dec. 2023 (¥76 Mil).

CIMCfeway Technologies Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for CIMCfeway Technologies 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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CIMCfeway Technologies Co Long-Term Capital Lease Obligation Chart

CIMCfeway Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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76.44

70.36

58.32

84.23

76.30

CIMCfeway Technologies Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									-	84.44	81.21	76.30	71.50

CIMCfeway Technologies Co (SZSE:301559) 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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CIMCfeway Technologies Co (SZSE:301559) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » CIMC Safeway Technologies Co Ltd (SZSE:301559) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 159, Chenggang Road, Jiangsu, Nantong, CHN, 226003

Website

https://www.cimctank.com

CIMC Safeway Technologies Co Ltd is engaged in the Design, development, manufacturing and sales of tank containers.

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