AAC Technologies Holdings (HKSE:02018) Long-Term Capital Lease Obligation : HK$417 Mil (As of Dec. 2023)

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What is AAC Technologies Holdings Long-Term Capital Lease Obligation?

AAC Technologies Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$417 Mil.

AAC Technologies Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$542 Mil) to Jun. 2023 (HK$488 Mil) and declined from Jun. 2023 (HK$488 Mil) to Dec. 2023 (HK$417 Mil).

AAC Technologies Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$554 Mil) to Dec. 2022 (HK$542 Mil) and declined from Dec. 2022 (HK$542 Mil) to Dec. 2023 (HK$417 Mil).

AAC Technologies Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for AAC Technologies Holdings'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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AAC Technologies Holdings Long-Term Capital Lease Obligation Chart

AAC Technologies Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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345.32

375.87

553.99

541.71

416.61

AAC Technologies Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															553.99	488.25	541.71	487.94	416.61

AAC Technologies Holdings (HKSE:02018) 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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AAC Technologies Holdings (HKSE:02018) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AAC Technologies Holdings Inc (HKSE:02018) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AACAY:USA AACAF:USA A2X:Germany

Address

38 Gloucester Road, Unit 1605-7, China Evergrande Centre, Wanchai, Hong Kong, HKG

Website

https://www.aactechnologies.com

AAC Technologies is one of the world's largest manufacturers of miniature acoustic components, such as speakers and receivers, primarily for smartphones, which account for under half of its revenue. Founded in 1993, the company has since then expanded into the production of other handset components, such as electromagnetic drives (haptics), precision mechanical (metal casing), lenses and camera modules, and MEMS microphones. AAC is headquartered in Shenzhen, China, and runs factories in China, Vietnam, Czechia, and Malaysia. It employed 27,798 people in December 2022.

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