Geovis Technology Co (SHSE:688568) Long-Term Capital Lease Obligation : ¥49 Mil (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Geovis Technology Co Long-Term Capital Lease Obligation?

Geovis Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥49 Mil.

Geovis Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥29 Mil) to Dec. 2023 (¥29 Mil) but then increased from Dec. 2023 (¥29 Mil) to Mar. 2024 (¥49 Mil).

Geovis Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥13 Mil) to Dec. 2022 (¥8 Mil) but then increased from Dec. 2022 (¥8 Mil) to Dec. 2023 (¥29 Mil).

Geovis Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Geovis 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.

* Premium members only.

Geovis Technology Co Long-Term Capital Lease Obligation Chart

Geovis Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

13.44

8.09

28.99

Geovis Technology 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															14.58	20.33	29.17	28.99	49.22

Geovis Technology Co (SHSE:688568) 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.

Geovis Technology Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Geovis Technology Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Geovis Technology Co (SHSE:688568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Geovis Technology Co Ltd (SHSE:688568) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 Airport East Road, Linkong Economic Core District, No. 1, 5 and 7 of No. 1A-4 Industrial Park, Shunyi District, Beijing, CHN, 101399

Website

http://www.geovis.com.cn

Geovis Technology Co Ltd is engaged in provision of digital earth products and technology development services. The technology of remote sensing, geographic information system, satellite positioning and navigation, virtual reality, and other independent research and development of the company digital earth products have a position in the domestic digital earth industry. The company provides software sales and data services, technology development services, digital earth integrated machines and system integration with GEOVIS digital earth products as the core for users in the government, enterprises and special fields.

Geovis Technology Co (SHSE:688568) Headlines

No Headlines