CETC Digital Technology Co (SHSE:600850) Long-Term Capital Lease Obligation : ¥370 Mil (As of Mar. 2024)

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What is CETC Digital Technology Co Long-Term Capital Lease Obligation?

CETC Digital Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥370 Mil.

CETC Digital Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥321 Mil) to Dec. 2023 (¥345 Mil) and increased from Dec. 2023 (¥345 Mil) to Mar. 2024 (¥370 Mil).

CETC Digital Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥341 Mil) to Dec. 2022 (¥328 Mil) but then increased from Dec. 2022 (¥328 Mil) to Dec. 2023 (¥345 Mil).

CETC Digital Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for CETC Digital Technology 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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CETC Digital Technology Co Long-Term Capital Lease Obligation Chart

CETC Digital Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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37.86

340.74

328.07

345.39

CETC Digital Technology 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															315.46	314.17	321.46	345.39	370.20

CETC Digital Technology Co (SHSE:600850) 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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CETC Digital Technology Co (SHSE:600850) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CETC Digital Technology Co Ltd (SHSE:600850) » Definitions » Long-Term Capital Lease Obligation

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Address

1485 Jialuo Road, 6th Floor, Building 43, Jiading District, Shanghai, CHN, 200233

Website

http://www.shecc.com

CETC Digital Technology Co Ltd is engaged in the development of information systems and software engineering in China. It is also involved in the design, installation, and construction of computer hardware, communication equipment, electronics, integrated system equipment systems integration, network engineering, software engineering and electronic engineering. Its product and services include Data Center Product Solution, Cloud product solutions, and Cloud service management. The company distributes its products within domestic and overseas markets.

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