Qingmu Digital Technology Co (SZSE:301110) Long-Term Capital Lease Obligation : ¥13.7 Mil (As of Mar. 2024)

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What is Qingmu Digital Technology Co Long-Term Capital Lease Obligation?

Qingmu Digital Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥13.7 Mil.

Qingmu Digital Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥16.9 Mil) to Dec. 2023 (¥13.6 Mil) but then increased from Dec. 2023 (¥13.6 Mil) to Mar. 2024 (¥13.7 Mil).

Qingmu Digital Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥28.4 Mil) to Dec. 2022 (¥31.1 Mil) but then declined from Dec. 2022 (¥31.1 Mil) to Dec. 2023 (¥13.6 Mil).

Qingmu Digital Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Qingmu Digital 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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Qingmu Digital Technology Co Long-Term Capital Lease Obligation Chart

Qingmu Digital Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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15.26

28.41

31.06

13.58

Qingmu Digital Technology Co Quarterly Data
	Dec17	Dec18	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															27.43	22.75	16.88	13.58	13.74

Qingmu Digital Technology Co (SZSE:301110) 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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Qingmu Digital Technology Co (SZSE:301110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Qingmu Digital Technology Co Ltd (SZSE:301110) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 001, No. 32, Donghai Street South, Fenghe Jiangbei Village, Haizhu District, Guangdong Province, Guangzhou, CHN, 510310

Website

https://www.qingmutec.com

Qingmu Digital Technology Co Ltd is involved in the E-commerce sales services, brand digital marketing, technology solutions and consumer operation services.

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