Sichuan Chengfei Integration Technology (SZSE:002190) Long-Term Capital Lease Obligation : ¥24 Mil (As of Mar. 2024)

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What is Sichuan Chengfei Integration Technology Long-Term Capital Lease Obligation?

Sichuan Chengfei Integration Technology's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥24 Mil.

Sichuan Chengfei Integration Technology's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥44 Mil) to Dec. 2023 (¥33 Mil) and declined from Dec. 2023 (¥33 Mil) to Mar. 2024 (¥24 Mil).

Sichuan Chengfei Integration Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥11 Mil) to Dec. 2022 (¥17 Mil) and increased from Dec. 2022 (¥17 Mil) to Dec. 2023 (¥33 Mil).

Sichuan Chengfei Integration Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sichuan Chengfei Integration Technology'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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Sichuan Chengfei Integration Technology Long-Term Capital Lease Obligation Chart

Sichuan Chengfei Integration Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.88

10.93

17.48

32.74

Sichuan Chengfei Integration Technology 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															16.03	46.55	44.45	32.74	23.89

Sichuan Chengfei Integration Technology (SZSE:002190) 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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Sichuan Chengfei Integration Technology (SZSE:002190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sichuan Chengfei Integration Technology Corp Ltd (SZSE:002190) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Gaopeng Avenue, Chengdu Hi-Tech Industrial Development Zone, Sichuan, Chengdu, CHN, 610041

Website

http://www.cac-citc.com.cn

Sichuan Chengfei Integration Technology Corp Ltd is operating in the auto parts industry. The company is principally engaged in the design, development, and manufacturing of the tools and dies, with typical products such as the dies for the large and high-grade outer skin panels such as the body side, roof, doors, and fenders used in medium and high-grade cars.

Executives

Hu Chuang Jie	Director
Shi Xiao Qing	Directors, executives
Xu Hui Ping	Supervisors

Sichuan Chengfei Integration Technology (SZSE:002190) Headlines

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