GRG Metrology & Test Group Co (SZSE:002967) Long-Term Capital Lease Obligation : ¥158 Mil (As of Dec. 2023)

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What is GRG Metrology & Test Group Co Long-Term Capital Lease Obligation?

GRG Metrology & Test Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥158 Mil.

GRG Metrology & Test Group Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (¥188 Mil) to Sep. 2023 (¥182 Mil) and declined from Sep. 2023 (¥182 Mil) to Dec. 2023 (¥158 Mil).

GRG Metrology & Test Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥166 Mil) to Dec. 2022 (¥194 Mil) but then declined from Dec. 2022 (¥194 Mil) to Dec. 2023 (¥158 Mil).

GRG Metrology & Test Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for GRG Metrology & Test Group 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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GRG Metrology & Test Group Co Long-Term Capital Lease Obligation Chart

GRG Metrology & Test Group Co Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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189.32

166.46

193.85

158.34

GRG Metrology & Test Group 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															193.85	195.28	188.48	182.03	158.34

GRG Metrology & Test Group Co (SZSE:002967) 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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GRG Metrology & Test Group Co (SZSE:002967) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GRG Metrology & Test Group Co Ltd (SZSE:002967) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 8, Qishan Road, Room 150, Shiqi Town, Panyu District, Guangdong Province, Guangzhou, CHN, 510656

Website

http://www.grgtest.com

GRG Metrology & Test Group Co Ltd is devoted to standards compiling, product testing and certification, analysis and assessment, consulting and training, test equipment and software research and development, providing state of the art services to various industries including automotive, traffic and rail, communication and electric power and others.

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