Shanghai Optech Science and Technology Co (BJSE:836414) Long-Term Capital Lease Obligation : ¥2.2 Mil (As of Mar. 2024)

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What is Shanghai Optech Science and Technology Co Long-Term Capital Lease Obligation?

Shanghai Optech Science and Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2.2 Mil.

Shanghai Optech Science and Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥4.5 Mil) to Dec. 2023 (¥2.2 Mil) but then stayed the same from Dec. 2023 (¥2.2 Mil) to Mar. 2024 (¥2.2 Mil).

Shanghai Optech Science and Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥0.5 Mil) to Dec. 2022 (¥0.0 Mil) but then increased from Dec. 2022 (¥0.0 Mil) to Dec. 2023 (¥2.2 Mil).

Shanghai Optech Science and Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Optech Science and 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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Shanghai Optech Science and Technology Co Long-Term Capital Lease Obligation Chart

Shanghai Optech Science and Technology Co Annual Data

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Long-Term Capital Lease Obligation

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0.50

2.15

Shanghai Optech Science and Technology Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	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															-	-	4.46	2.15	2.15

Shanghai Optech Science and Technology Co (BJSE:836414) 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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Shanghai Optech Science and Technology Co (BJSE:836414) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Optech Science and Technology Co Ltd (BJSE:836414) » Definitions » Long-Term Capital Lease Obligation

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Address

Lane 879, Zhongjiang Road, Room 402, Building 12, Putuo District, Shanghai, CHN, 200333

Website

http://www.optjt.cn

Shanghai Optech Science and Technology Co Ltd focused on the technology and product development of automatic detection equipment and automatic production equipment in the photovoltaic industry. It engages in designing photovoltaic detection solutions and the development, production, and sales of supporting equipment and software. It offers Component EL/appearance -AI automatic sorting system, String inspection EL/appearance AI automatic sorting system, Automatic battery sorting system, Final inspection appearance-AI automatic sorting system, Component repair query system, String inspection repair query system, Dual station battery string repair system, Photovoltaic power station UAV automatic operation and maintenance system.

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