Guangxi Liugong Machinery Co (SZSE:000528) Long-Term Capital Lease Obligation : ¥71 Mil (As of Mar. 2024)

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What is Guangxi Liugong Machinery Co Long-Term Capital Lease Obligation?

Guangxi Liugong Machinery Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥71 Mil.

Guangxi Liugong Machinery Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥74 Mil) to Dec. 2023 (¥76 Mil) but then declined from Dec. 2023 (¥76 Mil) to Mar. 2024 (¥71 Mil).

Guangxi Liugong Machinery Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥92 Mil) to Dec. 2022 (¥79 Mil) and declined from Dec. 2022 (¥79 Mil) to Dec. 2023 (¥76 Mil).

Guangxi Liugong Machinery Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangxi Liugong Machinery 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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Guangxi Liugong Machinery Co Long-Term Capital Lease Obligation Chart

Guangxi Liugong Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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94.95

92.32

79.02

76.29

Guangxi Liugong Machinery 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															77.38	80.63	74.12	76.29	70.74

Guangxi Liugong Machinery Co (SZSE:000528) 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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Guangxi Liugong Machinery Co (SZSE:000528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Guangxi Liugong Machinery Co Ltd (SZSE:000528) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 1 Liutai Road, Liuzhou, Guangxi, CHN, 545007

Website

http://www.liugong.com

Guangxi Liugong Machinery Co Ltd is a construction equipment manufacturer that offers services to construction equipment owners. The products of the company include forklift, wheel loader, crawler excavator, wheel excavator, roller, motor grader, bulldozer, crane, concrete, mining truck, and skid steer loader.

Executives

Yu Chuan Fen	Executives
Wen Wu	Directors, executives
Yuan Shi Guo	Executives
Huang Hai Bo	Director
Huang Xiang Quan	Executives
Luo Guo Bing	Executives
Huang Tie Zhu	Executives
Ceng Guang An	Directors, executives
Huang Hua Lin	Secretary Dong
Zheng Yu Huang	Independent director
Cai Deng Sheng	Supervisors
Ding Yi Bin	Director
Tan Yong	Supervisors
Yu Ya Jun	Executives
Huang Min	Executives

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