Tianjin Keyvia Electric Co (SZSE:300407) Long-Term Capital Lease Obligation : ¥39 Mil (As of Mar. 2024)

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What is Tianjin Keyvia Electric Co Long-Term Capital Lease Obligation?

Tianjin Keyvia Electric Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥39 Mil.

Tianjin Keyvia Electric Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥27 Mil) to Dec. 2023 (¥25 Mil) but then increased from Dec. 2023 (¥25 Mil) to Mar. 2024 (¥39 Mil).

Tianjin Keyvia Electric Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥35 Mil) to Dec. 2022 (¥33 Mil) and declined from Dec. 2022 (¥33 Mil) to Dec. 2023 (¥25 Mil).

Tianjin Keyvia Electric Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tianjin Keyvia Electric 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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Tianjin Keyvia Electric Co Long-Term Capital Lease Obligation Chart

Tianjin Keyvia Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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33.72

35.43

33.35

25.28

Tianjin Keyvia Electric 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															30.13	32.75	26.68	25.28	39.17

Tianjin Keyvia Electric Co (SZSE:300407) 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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Tianjin Keyvia Electric Co (SZSE:300407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tianjin Keyvia Electric Co Ltd (SZSE:300407) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

8th matter Hyflux Building Road, Tianjin Huayuan Industrial Park, Tianjin, CHN, 300384

Website

http://www.keyvia.cn

Tianjin Keyvia Electric Co Ltd covers two areas of electrified railway and urban rail transit, including traction power distribution automation system, dispatching and comprehensive monitoring system, industrial automation system, auxiliary control system for rolling stock, monitoring and diagnosis system, software product development, and others. The widely used products mainly include DK3500 electrified railway traction power supply integrated automation system, traction power supply power dispatching and monitoring system, integrated monitoring system, access control system, automatic ticket checking system, mechanical and electrical equipment monitoring system, passenger information system, disaster prevention alarm system, wireless communication system, and others.

Executives

Kong Xiang Zhou	Director
Wen Guo Wang	Supervisors
Wang Yong	Director
Wang Chuan Qi	Directors, executives
Wang Wei	Directors, executives
Zhang Zhong Jie	Directors, executives
Liu Kun	Supervisors
Chu Fei	Directors, executives
Cai Deng Ming	Directors, executives
Zhao Qin	Supervisors
Zhao Yi Huan	Executives
Wang Rui Jin	Securities Affairs Representative
Zhang Gang	Executives

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