Hwa Create (SZSE:300045) Long-Term Capital Lease Obligation : ¥5.1 Mil (As of Mar. 2024)

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What is Hwa Create Long-Term Capital Lease Obligation?

Hwa Create's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5.1 Mil.

Hwa Create's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥7.6 Mil) to Dec. 2023 (¥4.8 Mil) but then increased from Dec. 2023 (¥4.8 Mil) to Mar. 2024 (¥5.1 Mil).

Hwa Create's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥9.0 Mil) to Dec. 2022 (¥8.2 Mil) and declined from Dec. 2022 (¥8.2 Mil) to Dec. 2023 (¥4.8 Mil).

Hwa Create Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hwa Create'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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Hwa Create Long-Term Capital Lease Obligation Chart

Hwa Create Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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6.26

9.00

8.18

4.77

Hwa Create 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															7.14	7.14	7.56	4.77	5.14

Hwa Create (SZSE:300045) 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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Hwa Create (SZSE:300045) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Hwa Create Corp (SZSE:300045) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Dongbeiwangxi Road, Chuangtong Technology Building, Building 18, Zhongguancun Software Park, Haidian District, Beijing, CHN, 100193

Website

http://www.hwacreate.com.cn

Hwa Create Corp is a China-based company engaged in the research and development, manufacturing, and sale of technologies and products of satellite navigation, radar and communication, navigation and communication antenna and embedded system. Its products are used in electromechanical industries of aviation, aerospace, ship and emulation training. The products of the company include Beidou satellite navigation chips, application modules, and their corresponding simulated test devices, designated antenna for satellite navigation, embedded modules and simulated test devices for radar and communication system, computer simulation and test platform for the electromechanical system, and computer simulation application development services.

Executives

Wang Wei	Directors, executives
Wu Meng Bing	Directors, executives
Xiong Yun Hong	Director
Wang Qi	Director
Zhang Hai Ying	Independent director
Li Zong Li	Director
Lu Jun	Director
Chen Kang	Executives
Liu Jie Hua	Executives
Huang Jian Xin	Executives
Fu Zheng Jun	Executives
Huang Yu Bin	Executives
Gao Xiao Li	Directors, executives
Chen Yan	Supervisors
Wang Ning	Supervisors

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