Advanced Technology & Materials Co (SZSE:000969) Long-Term Capital Lease Obligation

: ¥44 Mil (As of Sep. 2023)

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Advanced Technology & Materials Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥44 Mil.

Advanced Technology & Materials Co's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (¥16 Mil) to Jun. 2023 (¥23 Mil) and increased from Jun. 2023 (¥23 Mil) to Sep. 2023 (¥44 Mil).

Advanced Technology & Materials Co's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (¥5 Mil) to Dec. 2021 (¥19 Mil) but then declined from Dec. 2021 (¥19 Mil) to Dec. 2022 (¥15 Mil).

Advanced Technology & Materials Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Advanced Technology & Materials 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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Advanced Technology & Materials Co Annual Data

Trend

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Dec22

Long-Term Capital Lease Obligation

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5.48

19.00

15.34

Advanced Technology & Materials Co Quarterly Data
	Dec18	Mar19	Jun19	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															18.30	15.34	16.19	23.41	43.99

Advanced Technology & Materials Co (SZSE:000969) 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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Advanced Technology & Materials Co (SZSE:000969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Advanced Technology & Materials Co Ltd (SZSE:000969) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

No. 76 Xueyuan South Road, Haidian District, Beijing, Beijing, CHN, 100081

Website

http://www.atmcn.com

Advanced Technology & Materials Co Ltd is a Chinese high-tech company that focuses on the research and development and manufacture of new metallic materials and products. Its products include amorphous and nano-crystalline materials and products; refractory materials and products; powder materials and products; magnetic materials and products; welding materials and products; filtration materials and environmental protection engineering products; and high-speed steel and diamond tools. These products are used in various fields which include aerospace, energy, transportation, consumer electronics, construction and building materials, petrochemical, saving and environmental protection industries. Geographically the activities are carried out through China.

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