Harbin VITI Electronic Co (SHSE:603023) Long-Term Capital Lease Obligation : ¥0.00 Mil (As of Mar. 2024)

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What is Harbin VITI Electronic Co Long-Term Capital Lease Obligation?

Harbin VITI Electronic Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.00 Mil.

Harbin VITI Electronic Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥0.05 Mil) to Dec. 2023 (¥0.00 Mil) but then stayed the same from Dec. 2023 (¥0.00 Mil) to Mar. 2024 (¥0.00 Mil).

Harbin VITI Electronic Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0.00 Mil) to Dec. 2022 (¥4.12 Mil) but then declined from Dec. 2022 (¥4.12 Mil) to Dec. 2023 (¥0.00 Mil).

Harbin VITI Electronic Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Harbin VITI 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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Harbin VITI Electronic Co Long-Term Capital Lease Obligation Chart

Harbin VITI Electronic Co Annual Data

Trend

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Long-Term Capital Lease Obligation

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4.12

Harbin VITI Electronic 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															3.94	0.05	0.05	-	-

Harbin VITI Electronic Co (SHSE:603023) 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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Harbin VITI Electronic Co (SHSE:603023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Harbin VITI Electronic Co Ltd (SHSE:603023) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 11 West Haping Road, High-tech Development District, Heilongjiang Province, Harbin, CHN, 150060

Website

http://www.viti.net.cn

Harbin VITI Electronic Co Ltd is a domestic automotive electronic control product supplier. Its engaged in the research, manufacturing, and sale of electronic products for cars and buses. It's products include CAN bus control system, bus control unit, controller (ECU control unit), Combination of instruments, sensors and other products. The products are mainly used in passenger cars, trucks and military vehicles.

Executives

Wu Peng Cheng	senior management
Cui Jian Min	senior management
Chen Zhen Hua	Directors, senior managers
Yu Qiong	senior management
Bai Zhe Song	Director
Zhou Bao Tian	Supervisors
Liu Guo Ping	Director
Lv You Gang	senior management

Harbin VITI Electronic Co (SHSE:603023) Headlines

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