Beijing Ultrapower Software Co (SZSE:300002) Long-Term Capital Lease Obligation : ¥7 Mil (As of Mar. 2024)

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What is Beijing Ultrapower Software Co Long-Term Capital Lease Obligation?

Beijing Ultrapower Software Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7 Mil.

Beijing Ultrapower Software Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥7 Mil) to Dec. 2023 (¥9 Mil) but then declined from Dec. 2023 (¥9 Mil) to Mar. 2024 (¥7 Mil).

Beijing Ultrapower Software Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥3 Mil) to Dec. 2022 (¥3 Mil) but then increased from Dec. 2022 (¥3 Mil) to Dec. 2023 (¥9 Mil).

Beijing Ultrapower Software Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Beijing Ultrapower Software 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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Beijing Ultrapower Software Co Long-Term Capital Lease Obligation Chart

Beijing Ultrapower Software Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.27

3.48

3.40

8.90

Beijing Ultrapower Software 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															6.66	7.36	6.80	8.90	6.60

Beijing Ultrapower Software Co (SZSE:300002) 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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Beijing Ultrapower Software Co (SZSE:300002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Ultrapower Software Co Ltd (SZSE:300002) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 1 on the 13th Academy Building, Beiyuan, Chaoyang District, 22 North Star Taiyue, Beijing, CHN, 100107

Website

http://www.ultrapower.com.cn

Beijing Ultrapower Software Co Ltd is an IT operations and maintenance service provider in China. It offers enterprise-oriented IT consulting, solutions, software products, and project implementing and operation services. The company focuses on the use of information technology to promote industrial development and social progress and improve people's work and life quality.

Executives

Wang Ning	Director
Hu Jia Ming	Directors, Directors, and Executives
Li Li	Director
Di Yi Bing	Directors, executives
Gao Feng	Executives
Huang Song Lang	Director
Zhang Qian Shan	Directors, executives
Mao Da Wei	Directors, executives
Hao Yan	Supervisors
Liang De Xing	Executives
Zhu Jian Song	Executives
Wan Neng	Directors, executives
Qi Qiang	Director
Xu Peng	Executives
Xu Si Ping	Director

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