Qifeng Precision Industry Sci Tech (BJSE:873169) Long-Term Capital Lease Obligation : ¥3.5 Mil (As of Mar. 2025)

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What is Qifeng Precision Industry Sci Tech Long-Term Capital Lease Obligation?

Qifeng Precision Industry Sci Tech's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥3.5 Mil.

Qifeng Precision Industry Sci Tech's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (¥4.9 Mil) to Dec. 2024 (¥3.5 Mil) but then increased from Dec. 2024 (¥3.5 Mil) to Mar. 2025 (¥3.5 Mil).

Qifeng Precision Industry Sci Tech's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (¥0.0 Mil) to Dec. 2023 (¥7.2 Mil) but then declined from Dec. 2023 (¥7.2 Mil) to Dec. 2024 (¥3.5 Mil).

Qifeng Precision Industry Sci Tech Long-Term Capital Lease Obligation Historical Data

The historical data trend for Qifeng Precision Industry Sci Tech'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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Qifeng Precision Industry Sci Tech Long-Term Capital Lease Obligation Chart

Qifeng Precision Industry Sci Tech Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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6.50

3.33

7.15

3.46

Qifeng Precision Industry Sci Tech Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															7.19	5.78	4.85	3.46	3.50

Qifeng Precision Industry Sci Tech (BJSE:873169) 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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Qifeng Precision Industry Sci Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qifeng Precision Industry Sci Tech Corp (BJSE:873169) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 and 7, Jinggong Road, Wuyuan Street, Yandong District, Wuyuan Industrial Park, Haiyan County, Zhejiang Province, Jiaxing, CHN, 314300

Website

https://www.qfwj.com

Qifeng Precision Industry Sci Tech Corp is involved in the R&D, production and sales of fasteners.

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