Luxshare Precision Industry Co (SZSE:002475) Long-Term Capital Lease Obligation : ¥568 Mil (As of Mar. 2024)

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What is Luxshare Precision Industry Co Long-Term Capital Lease Obligation?

Luxshare Precision Industry Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥568 Mil.

Luxshare Precision Industry Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥679 Mil) to Dec. 2023 (¥552 Mil) but then increased from Dec. 2023 (¥552 Mil) to Mar. 2024 (¥568 Mil).

Luxshare Precision Industry Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥315 Mil) to Dec. 2022 (¥801 Mil) but then declined from Dec. 2022 (¥801 Mil) to Dec. 2023 (¥552 Mil).

Luxshare Precision Industry Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Luxshare Precision Industry 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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Luxshare Precision Industry Co Long-Term Capital Lease Obligation Chart

Luxshare Precision Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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144.46

315.09

800.74

552.49

Luxshare Precision Industry 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															747.16	736.35	679.34	552.49	567.89

Luxshare Precision Industry Co (SZSE:002475) 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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Luxshare Precision Industry Co (SZSE:002475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Luxshare Precision Industry Co Ltd (SZSE:002475) » Definitions » Long-Term Capital Lease Obligation

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Address

No.17 Kuiqing Road, Qinghuang Industrial Zone, Qingxi Town, Guangdong, Dongguan, CHN, 523650

Website

http://www.luxshare-ict.com

Founded in 2004, Luxshare Precision is one of the world's largest manufacturers of cables and connectors and is a major supplier to Apple, which accounts for over 70% of sales. The company has since expanded production into other faster-growing consumer electronic components, such as speakers, haptic, cameras, PC docks, and wireless charging modules, as well as electronic manufacturing services for Apple's Watch and AirPods. Of Luxshare's 2022 sales, 84% is derived from the consumer electronics end market, while the remaining 16% is spread across the computer, communication and automobile verticals. Luxshare employs over 230,000 people and has manufacturing bases in China, India, and Vietnam.

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