AInnovation Technology Group Co (HKSE:02121) Long-Term Capital Lease Obligation : HK$36 Mil (As of Dec. 2024)

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What is AInnovation Technology Group Co Long-Term Capital Lease Obligation?

AInnovation Technology Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$36 Mil.

AInnovation Technology Group Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$62 Mil) to Jun. 2024 (HK$59 Mil) and declined from Jun. 2024 (HK$59 Mil) to Dec. 2024 (HK$36 Mil).

AInnovation Technology Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$78 Mil) to Dec. 2023 (HK$62 Mil) and declined from Dec. 2023 (HK$62 Mil) to Dec. 2024 (HK$36 Mil).

AInnovation Technology Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for AInnovation Technology Group 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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AInnovation Technology Group Co Long-Term Capital Lease Obligation Chart

AInnovation Technology Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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11.21

95.86

78.34

61.98

35.67

AInnovation Technology Group Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						78.34	73.89	61.98	59.22	35.67

AInnovation Technology Group Co (HKSE:02121) 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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AInnovation Technology Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AInnovation Technology Group Co Ltd (HKSE:02121) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 939 Zhenwu Road, Room 501 Block A, Haier International Plaza, Economic Development Zone, Jimo District, Qingdao, Shandong, CHN

Website

https://www.ainnovation.com

AInnovation Technology Group Co Ltd is a enterprise-level AI solution provider and "AI+manufacturing" solution provider in China. The company is using cutting-edge artificial intelligence technology to provide enterprises with AI products and solutions, including AI platforms, algorithms, software and AI-enabled equipment, to improve customer operational efficiency and business value and achieve digital transformation. AInnovation focuses on AI+manufacturing and focuses on building five key business themes of industrial software, digital intelligence software, industrial logistics, intelligent equipment, and industrial sustainability It has developed "MMOC artificial intelligence technology platform" and "AInnoGC industrial large model technology platform" for industry application.

Executives

Xu Hui
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Cicc Alpha (beijing) Private Equity Investment Fund Management Co., Ltd.	2201 Interest of corporation controlled by you
Beijing Financial Street Xicheng Equity Investment Fund (limited Partnership)	2201 Interest of corporation controlled by you
Zhongjin Xicheng (beijing) Investment Co., Ltd.	2201 Interest of corporation controlled by you
Svf Ii Gp (jersey) Limited	2201 Interest of corporation controlled by you
Svf Ii Aggregator (jersey) L.p.	2201 Interest of corporation controlled by you
Softbank Vision Fund Ii-2 L.p.	2201 Interest of corporation controlled by you
Softbank Group Corp.	2201 Interest of corporation controlled by you
Sb Global Advisers Limited	2201 Interest of corporation controlled by you
Sb Global Advisers Capital Markets Limited	2201 Interest of corporation controlled by you
Svf Ii Holdings (de) Llc	2201 Interest of corporation controlled by you
Svf Ii Holdings (singapore) Pte Ltd.	2201 Interest of corporation controlled by you
Svf Ii Investment Holdings (subco) Llc	2201 Interest of corporation controlled by you
Svf Ii Investment Holdings Llc	2201 Interest of corporation controlled by you

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