Wondershare Technology Group Co (SZSE:300624) Long-Term Capital Lease Obligation : ¥4 Mil (As of Mar. 2024)

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What is Wondershare Technology Group Co Long-Term Capital Lease Obligation?

Wondershare Technology Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4 Mil.

Wondershare Technology Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥6 Mil) to Dec. 2023 (¥5 Mil) and declined from Dec. 2023 (¥5 Mil) to Mar. 2024 (¥4 Mil).

Wondershare Technology Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥8 Mil) to Dec. 2022 (¥12 Mil) but then declined from Dec. 2022 (¥12 Mil) to Dec. 2023 (¥5 Mil).

Wondershare Technology Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wondershare Technology Group 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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Wondershare Technology Group Co Long-Term Capital Lease Obligation Chart

Wondershare Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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18.34

8.26

11.75

5.26

Wondershare Technology Group 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															11.34	7.44	6.03	5.26	3.89

Wondershare Technology Group Co (SZSE:300624) 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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Wondershare Technology Group Co (SZSE:300624) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wondershare Technology Group Co Ltd (SZSE:300624) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Haidian Road, 14th Software Industry Base 5 D Block, 10th Floor, Nanshan District, Shenzhen, CHN, 850000

Website

http://www.wondershare.cn

Wondershare Technology Group Co Ltd, formerly Wondershare Technology Co Ltd is a China-based company engages in the manufacture and sale of a software application. It offers multimedia, utility, office, mobile, and other software products, as well as featured products. The company's products can be applied to personal computers, tablet PCs, smartphones and other application terminals.

Executives

Wu Tai Bing	Directors, executives
Hu Li Feng	Executives
Liu Qiu Wei	Executives
Chen Qi Sheng	Independent director
Peng Hai Xia	Securities Affairs Representative
Zhang Zheng	Director
Sun Chun	Directors, Directors, and Executives
Zhu Wei	Directors, executives
Chen Jiang Jiang	Supervisors
Ling Shu Guang	Supervisors
Zhu Jian Huan	Director

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