Recon Technology (Recon Technology) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2023)

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What is Recon Technology Long-Term Capital Lease Obligation?

Recon Technology's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil.

Recon Technology's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($0.33 Mil) to Dec. 2022 ($0.11 Mil) and declined from Dec. 2022 ($0.11 Mil) to Jun. 2023 ($0.00 Mil).

Recon Technology's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($0.75 Mil) to Jun. 2022 ($0.33 Mil) and declined from Jun. 2022 ($0.33 Mil) to Jun. 2023 ($0.00 Mil).

Recon Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Recon Technology'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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Recon Technology Long-Term Capital Lease Obligation Chart

Recon Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.17

0.75

0.33

Recon Technology Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.75	0.52	0.33	0.11	-

Recon Technology (NAS:RCON) 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.

Recon Technology Long-Term Capital Lease Obligation Related Terms

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Recon Technology (Recon Technology) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Recon Technology Ltd (NAS:RCON) » Definitions » Long-Term Capital Lease Obligation

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HRC1:Germany

Address

No. 1 Shui’an South Street, Room 601, Chaoyang District, Beijing, CHN, 100012

Website

http://www.recon.cn

Recon Technology Ltd is an oilfield service company. The company is engaged in the sale of oilfield automation products, equipment for oil and gas production and transportation, and engineering services. It has four reportable operating segments: Automation Product and Software, Equipment and Accessories, Platform outsourcing services, and Oilfield Environmental Protection. Majority of the firm's revenue comes from the Automation Product and Software segment.