Allwin Telecommunication Co (SZSE:002231) Long-Term Capital Lease Obligation : ¥0.5 Mil (As of Mar. 2024)

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What is Allwin Telecommunication Co Long-Term Capital Lease Obligation?

Allwin Telecommunication Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.5 Mil.

Allwin Telecommunication Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0.0 Mil) to Dec. 2023 (¥0.6 Mil) but then declined from Dec. 2023 (¥0.6 Mil) to Mar. 2024 (¥0.5 Mil).

Allwin Telecommunication Co's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (¥0.0 Mil) to Dec. 2022 (¥0.0 Mil) but then increased from Dec. 2022 (¥0.0 Mil) to Dec. 2023 (¥0.6 Mil).

Allwin Telecommunication Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Allwin Telecommunication 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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Allwin Telecommunication Co Long-Term Capital Lease Obligation Chart

Allwin Telecommunication Co Annual Data

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Long-Term Capital Lease Obligation

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0.61

Allwin Telecommunication 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															-	-	-	0.61	0.49

Allwin Telecommunication Co (SZSE:002231) 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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Allwin Telecommunication Co (SZSE:002231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Allwin Telecommunication Co Ltd (SZSE:002231) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 6 Gaoge Road, Hunnan New District, Shenyang, Liaoning, CHN, 110179

Website

http://www.syallwin.com

Allwin Telecommunication Co Ltd operates in telecommunication equipment manufacturing industry. The company provides operators with mobile communication network optimization coverage equipments and systems which include program design and related products. The products of the company include digital fiber distribution systems, power points, and combiners.

Executives

Chen Su Xian	Supervisors
Du Fang	Directors, executives
Wang Chong Mei	Director
Du An Shun	Supervisors
Hu Ying	Directors, directors, executives, representatives
Bi Lian Fu	Director

Allwin Telecommunication Co (SZSE:002231) Headlines

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