Suncha Technology Co (SZSE:001211) Long-Term Capital Lease Obligation

: ¥9 Mil (As of Sep. 2023)

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Suncha Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥9 Mil.

Suncha Technology Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (¥5 Mil) to Jun. 2023 (¥4 Mil) but then increased from Jun. 2023 (¥4 Mil) to Sep. 2023 (¥9 Mil).

Suncha Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (¥2 Mil) to Dec. 2021 (¥3 Mil) and increased from Dec. 2021 (¥3 Mil) to Dec. 2022 (¥5 Mil).

Suncha Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Suncha 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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Suncha Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

2.12

3.26

4.88

Suncha Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation														6.05	4.88	4.68	4.43	8.88

Suncha Technology Co (SZSE:001211) 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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Suncha Technology Co (SZSE:001211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Suncha Technology Co Ltd (SZSE:001211) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

103 Zhucheng Road, Baizhang Town, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311100

Website

http://www.sqzm.com

Suncha Technology Co Ltd is engaged in the Research and development, design, production and sales of kitchen utensils for daily meals. The main products are chopsticks, cutting boards, shovel spoons, rice husk tableware and others.

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