Wolong Electric Group Co (SHSE:600580) Long-Term Capital Lease Obligation : ¥142 Mil (As of Mar. 2024)

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What is Wolong Electric Group Co Long-Term Capital Lease Obligation?

Wolong Electric Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥142 Mil.

Wolong Electric Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥154 Mil) to Dec. 2023 (¥133 Mil) but then increased from Dec. 2023 (¥133 Mil) to Mar. 2024 (¥142 Mil).

Wolong Electric Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥168 Mil) to Dec. 2022 (¥148 Mil) and declined from Dec. 2022 (¥148 Mil) to Dec. 2023 (¥133 Mil).

Wolong Electric Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wolong Electric 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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Wolong Electric Group Co Long-Term Capital Lease Obligation Chart

Wolong Electric Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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142.63

168.20

147.88

132.96

Wolong Electric 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															162.33	165.03	153.76	132.96	142.10

Wolong Electric Group Co (SHSE:600580) 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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Wolong Electric Group Co (SHSE:600580) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wolong Electric Group Co Ltd (SHSE:600580) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

No. 1801 Renmin West Road, Shangyu, Zhejiang, CHN, 312300

Website

http://www.wolong.com.cn

Wolong Electric Group Co Ltd is engaged in the development, manufacture and sales of motors, electronic-controlled devices, power transmission and transformation equipment, electro-mechanical and power products in China.

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