Chengdu XGimi Technology Co (SHSE:688696) Long-Term Capital Lease Obligation : ¥14 Mil (As of Sep. 2023)

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What is Chengdu XGimi Technology Co Long-Term Capital Lease Obligation?

Chengdu XGimi Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥14 Mil.

Chengdu XGimi Technology Co's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (¥8 Mil) to Jun. 2023 (¥12 Mil) and increased from Jun. 2023 (¥12 Mil) to Sep. 2023 (¥14 Mil).

Chengdu XGimi Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (¥7 Mil) to Dec. 2021 (¥13 Mil) but then declined from Dec. 2021 (¥13 Mil) to Dec. 2022 (¥9 Mil).

Chengdu XGimi Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chengdu XGimi 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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Chengdu XGimi Technology Co Long-Term Capital Lease Obligation Chart

Chengdu XGimi Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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6.51

13.41

8.71

Chengdu XGimi Technology Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														10.84	8.71	7.65	12.37	14.10

Chengdu XGimi Technology Co (SHSE:688696) 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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Chengdu XGimi Technology Co (SHSE:688696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu XGimi Technology Co Ltd (SHSE:688696) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

1129 Century City Road, High-tech Zone, China (Sichuan) Pilot Free Trade Zone, No. 2, Floor 2, Unit 1, Building 4, Area A, Tianfu Software Park, Chengdu, CHN, 610000

Website

https://www.xgimi.com

Chengdu XGimi Technology Co Ltd is engaged in the designing and manufacturing of high-performance multi-functional smart projectors and laser TVs.

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