Xi an Actionpower Electric Co (SHSE:688719) Long-Term Capital Lease Obligation : ¥6.0 Mil (As of Mar. 2024)

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What is Xi an Actionpower Electric Co Long-Term Capital Lease Obligation?

Xi an Actionpower Electric Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6.0 Mil.

Xi an Actionpower Electric Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥4.5 Mil) to Dec. 2023 (¥2.9 Mil) but then increased from Dec. 2023 (¥2.9 Mil) to Mar. 2024 (¥6.0 Mil).

Xi an Actionpower Electric Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0.5 Mil) to Dec. 2022 (¥3.9 Mil) but then declined from Dec. 2022 (¥3.9 Mil) to Dec. 2023 (¥2.9 Mil).

Xi an Actionpower Electric Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xi an Actionpower Electric 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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Xi an Actionpower Electric Co Long-Term Capital Lease Obligation Chart

Xi an Actionpower Electric Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.99

0.52

3.86

2.89

Xi an Actionpower Electric Co Quarterly Data
	Dec12	Dec13	Dec14	Mar15	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											-	3.35	4.52	2.89	6.02

Xi an Actionpower Electric Co (SHSE:688719) 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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Xi an Actionpower Electric Co (SHSE:688719) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xi an Actionpower Electric Co Ltd (SHSE:688719) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 12, Information Avenue, New Industrial Park, High-tech Zone, Shaanxi, Xi'an, CHN, 710119

Website

http://www.cnaction.com

Xi an Actionpower Electric Co Ltd is engaged in research and development, production and sales of power electronic conversion and control equipment.

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