Ningbo PIA Automation Holding (SHSE:688306) Long-Term Capital Lease Obligation : ¥28 Mil (As of Mar. 2024)

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What is Ningbo PIA Automation Holding Long-Term Capital Lease Obligation?

Ningbo PIA Automation Holding's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥28 Mil.

Ningbo PIA Automation Holding's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥22 Mil) to Dec. 2023 (¥21 Mil) but then increased from Dec. 2023 (¥21 Mil) to Mar. 2024 (¥28 Mil).

Ningbo PIA Automation Holding's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥41 Mil) to Dec. 2022 (¥33 Mil) and declined from Dec. 2022 (¥33 Mil) to Dec. 2023 (¥21 Mil).

Ningbo PIA Automation Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ningbo PIA Automation Holding'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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Ningbo PIA Automation Holding Long-Term Capital Lease Obligation Chart

Ningbo PIA Automation Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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62.70

40.76

32.83

20.91

Ningbo PIA Automation Holding Quarterly Data
	Dec17	Dec18	Dec19	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														32.84	28.70	21.54	20.91	28.44

Ningbo PIA Automation Holding (SHSE:688306) 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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Ningbo PIA Automation Holding (SHSE:688306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo PIA Automation Holding Corp (SHSE:688306) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 99, Qingyi Road, Building 4, High-tech Zone, Zhejiang Province, Ningbo, CHN, 315040

Website

http://www.piagroup.com.cn

Ningbo PIA Automation Holding Corp is engaged in the research and development, production, sales and service of complete sets of customized assembly and inspection intelligent manufacturing equipment and digital software.

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