Beijing Huafeng Testntrol Technology Co (SHSE:688200) Long-Term Capital Lease Obligation : ¥8.9 Mil (As of Jun. 2024)

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What is Beijing Huafeng Testntrol Technology Co Long-Term Capital Lease Obligation?

Beijing Huafeng Testntrol Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥8.9 Mil.

Beijing Huafeng Testntrol Technology Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (¥0.8 Mil) to Mar. 2024 (¥2.2 Mil) and increased from Mar. 2024 (¥2.2 Mil) to Jun. 2024 (¥8.9 Mil).

Beijing Huafeng Testntrol Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥2.7 Mil) to Dec. 2022 (¥3.0 Mil) but then declined from Dec. 2022 (¥3.0 Mil) to Dec. 2023 (¥0.8 Mil).

Beijing Huafeng Testntrol Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Beijing Huafeng Testntrol 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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Beijing Huafeng Testntrol Technology Co Long-Term Capital Lease Obligation Chart

Beijing Huafeng Testntrol Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.18

2.73

3.02

0.76

Beijing Huafeng Testntrol Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.96	1.15	0.76	2.18	8.94

Beijing Huafeng Testntrol Technology Co (SHSE:688200) 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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Beijing Huafeng Testntrol Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Beijing Huafeng Test & Control Technology Co Ltd (SHSE:688200) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

7th Floor, 2 Building, No 1 Haiying Road, Fengtai District, Beijing, CHN, 100070

Website

http://www.accotest.com

Beijing Huafeng Test & Control Technology Co Ltd is engaged in research, development, production, and sales of semiconductor automated test systems. The company's products include STS 8200 Test System and STS 8300 Test System.

Executives

Mei Yun He	Director
Fu Wei Dong	Directors, senior managers
Qi Yan	senior management
Cai Lin	Directors, senior managers
Zhou Peng	Directors, senior managers, core technical personn
Xu Jie Shuang	Directors, senior managers
Yuan Yan	Core technical personnel
Liu Hui Peng	Director
Hao Rui Ting	Core technical personnel
Sun Qiang	Directors, senior managers
Ju Ning	senior management

Beijing Huafeng Testntrol Technology Co Headlines

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