Guangxi WatYuan Filtration System Co (BJSE:838837) Long-Term Capital Lease Obligation : ¥0.6 Mil (As of Mar. 2024)

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What is Guangxi WatYuan Filtration System Co Long-Term Capital Lease Obligation?

Guangxi WatYuan Filtration System Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.6 Mil.

Guangxi WatYuan Filtration System Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥1.8 Mil) to Dec. 2023 (¥0.8 Mil) and declined from Dec. 2023 (¥0.8 Mil) to Mar. 2024 (¥0.6 Mil).

Guangxi WatYuan Filtration System Co's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (¥0.0 Mil) to Dec. 2021 (¥1.0 Mil) and increased from Dec. 2021 (¥1.0 Mil) to Dec. 2022 (¥2.1 Mil).

Guangxi WatYuan Filtration System Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangxi WatYuan Filtration System 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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Guangxi WatYuan Filtration System Co Long-Term Capital Lease Obligation Chart

Guangxi WatYuan Filtration System Co Annual Data

Trend

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Dec22

Long-Term Capital Lease Obligation

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0.98

2.14

Guangxi WatYuan Filtration System Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	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															-	2.35	1.84	0.79	0.55

Guangxi WatYuan Filtration System Co (BJSE:838837) 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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Guangxi WatYuan Filtration System Co (BJSE:838837) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangxi WatYuan Filtration System Co Ltd (BJSE:838837) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

On the west side of Potang Section of Yugong Highway, Potang Industrial Concentration Area, Yuchai Industrial Park, Guangxi Zhuang Autonomous Region, Yulin, CHN, 537005

Website

http://www.watyuan.com

Guangxi WatYuan Filtration System Co Ltd is engaged in the manufacturing and sales of filters for vehicles and non-road mobile machinery and industrial filtration equipment.

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