Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Mar. 2024)

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What is Wuxi Dingbang Heat Exchange Equipment Co Long-Term Capital Lease Obligation?

Wuxi Dingbang Heat Exchange Equipment Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil.

Wuxi Dingbang Heat Exchange Equipment Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wuxi Dingbang Heat Exchange Equipment 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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Wuxi Dingbang Heat Exchange Equipment Co Long-Term Capital Lease Obligation Chart

Wuxi Dingbang Heat Exchange Equipment Co Annual Data

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Long-Term Capital Lease Obligation

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Wuxi Dingbang Heat Exchange Equipment Co Quarterly Data
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Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) 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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Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Dingbang Heat Exchange Equipment Co Ltd (BJSE:872931) » Definitions » Long-Term Capital Lease Obligation

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Address

Houshan South Road, No. 29, Anzhen Town, Xishan District, Jiangsu Province, Wuxi City, CHN, 214104

Website

http://www.ding-bang.com.cn

Wuxi Dingbang Heat Exchange Equipment Co Ltd is engaged in research and development, design, manufacturing and sales of special heat exchange equipment for oil refining and chemical industry. Its products includes various tube heat exchangers, spiral baffle heat exchangers, air-cooled heat exchangers (air coolers), plate-bundle heat exchangers and A2 pressure vessels, as well as planetary differential start of oil extraction machines.

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