Shandong Liancheng Precision Manufacturing Co (SZSE:002921) Long-Term Capital Lease Obligation : ¥1 Mil (As of Dec. 2023)

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What is Shandong Liancheng Precision Manufacturing Co Long-Term Capital Lease Obligation?

Shandong Liancheng Precision Manufacturing Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥1 Mil.

Shandong Liancheng Precision Manufacturing Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (¥0 Mil) to Sep. 2023 (¥1 Mil) but then declined from Sep. 2023 (¥1 Mil) to Dec. 2023 (¥1 Mil).

Shandong Liancheng Precision Manufacturing Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥38 Mil) to Dec. 2022 (¥33 Mil) and declined from Dec. 2022 (¥33 Mil) to Dec. 2023 (¥1 Mil).

Shandong Liancheng Precision Manufacturing Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shandong Liancheng Precision Manufacturing 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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Shandong Liancheng Precision Manufacturing Co Long-Term Capital Lease Obligation Chart

Shandong Liancheng Precision Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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37.62

32.67

0.95

Shandong Liancheng Precision Manufacturing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															32.67	31.75	-	1.10	0.95

Shandong Liancheng Precision Manufacturing Co (SZSE:002921) 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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Shandong Liancheng Precision Manufacturing Co (SZSE:002921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Liancheng Precision Manufacturing Co Ltd (SZSE:002921) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

6 Chuangye Road, Economic Development Zone, Yanzhou, CHN, 272100

Website

http://www.lmc-ind.com

Shandong Liancheng Precision Manufacturing Co Ltd is a China-based company, engages in the development, design, production, and sales of precision castings, such as high-strength ductile iron and aluminum alloy castings. Its main products are automobile pump shell, frame, flange, damping wheel/ring, oil pump shell and others. Its products are used in passenger cars, commercial vehicles, diesel engines, construction machinery, commercial compressors, hydraulic machinery and other industries or fields.

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