Contemporary Amperex Technology Co (SZSE:300750) Long-Term Capital Lease Obligation : ¥333 Mil (As of Mar. 2024)

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What is Contemporary Amperex Technology Co Long-Term Capital Lease Obligation?

Contemporary Amperex Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥333 Mil.

Contemporary Amperex Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥550 Mil) to Dec. 2023 (¥283 Mil) but then increased from Dec. 2023 (¥283 Mil) to Mar. 2024 (¥333 Mil).

Contemporary Amperex Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥395 Mil) to Dec. 2022 (¥572 Mil) but then declined from Dec. 2022 (¥572 Mil) to Dec. 2023 (¥283 Mil).

Contemporary Amperex Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Contemporary Amperex 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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Contemporary Amperex Technology Co Long-Term Capital Lease Obligation Chart

Contemporary Amperex Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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283.31

395.30

572.35

283.30

Contemporary Amperex Technology 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															563.20	539.06	549.74	283.30	333.42

Contemporary Amperex Technology Co (SZSE:300750) 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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Contemporary Amperex Technology Co (SZSE:300750) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Contemporary Amperex Technology Co Ltd (SZSE:300750) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

No. 2, Xingang Road, Liwan Town, Jiaocheng District, Fujian Province, Ningde City, CHN, 352100

Website

http://www.catlbattery.com

CATL, headquartered in Ningde, Fujian Province, is a global leading Chinese battery manufacturer founded in 2011. The company specializes in the development and production of lithium-ion batteries for EVs and energy storage systems. CATL is the largest EV battery manufacturer in the world and leads the industry in innovative battery technology development for higher-energy density and safety, longer battery service life and super-fast charging. CATL is also involved in the manufacturing of cathode and other related battery materials. Through its subsidiary Brunp, it works with customers to create a closed-loop battery life cycle from production, application, to recycling.

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