Mloptic (SHSE:688502) Long-Term Capital Lease Obligation : ¥3.6 Mil (As of Dec. 2023)

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What is Mloptic Long-Term Capital Lease Obligation?

Mloptic's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥3.6 Mil.

Mloptic's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (¥6.4 Mil) to Sep. 2023 (¥5.7 Mil) and declined from Sep. 2023 (¥5.7 Mil) to Dec. 2023 (¥3.6 Mil).

Mloptic's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥4.5 Mil) to Dec. 2022 (¥5.3 Mil) but then declined from Dec. 2022 (¥5.3 Mil) to Dec. 2023 (¥3.6 Mil).

Mloptic Long-Term Capital Lease Obligation Historical Data

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

Mloptic Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.59

4.54

5.26

3.60

Mloptic Quarterly Data
	Dec13	Dec14	Mar15	Dec17	Dec18	Dec19	Mar20	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													5.26	6.93	6.41	5.66	3.60

Mloptic (SHSE:688502) 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.

Mloptic Long-Term Capital Lease Obligation Related Terms

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Mloptic (SHSE:688502) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mloptic Corp (SHSE:688502) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 398 Pugang Street, Jiangning Development Zone, Jiangsu Province, Nanjing, CHN, 211102

Website

https://www.mloptic.com

Mloptic Corp is engaged in the research and development, design, manufacture and sales of precision optical devices, optical lenses and optical systems.

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