Changzhou Tonghui Electronic Co (BJSE:833509) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Mar. 2024)

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What is Changzhou Tonghui Electronic Co Long-Term Capital Lease Obligation?

Changzhou Tonghui Electronic Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil.

Changzhou Tonghui Electronic Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Changzhou Tonghui Electronic 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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Changzhou Tonghui Electronic Co Long-Term Capital Lease Obligation Chart

Changzhou Tonghui Electronic Co Annual Data

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Long-Term Capital Lease Obligation

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0.07

Changzhou Tonghui Electronic Co Quarterly Data
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Changzhou Tonghui Electronic Co (BJSE:833509) 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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Changzhou Tonghui Electronic Co (BJSE:833509) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Changzhou Tonghui Electronic Co Ltd (BJSE:833509) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 1, Xinzhu Road,, Xinbei District, Jiangsu Province, Changzhou City, CHN, 213022

Website

https://www.tonghui.com.cn

Changzhou Tonghui Electronic Co Ltd operates as a manufacturer of electronic test and measurement instruments. Its product categories include Component Parameter Tester, Micro Signal Type Tester, Power Electronic Tester, Electrical Safety Tester and Cable Tester, and Accessories.

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