Zhuzhou CRRC Times Electric Co (HKSE:03898) Long-Term Capital Lease Obligation : HK$216 Mil (As of Dec. 2023)

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What is Zhuzhou CRRC Times Electric Co Long-Term Capital Lease Obligation?

Zhuzhou CRRC Times Electric Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$216 Mil.

Zhuzhou CRRC Times Electric Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$241 Mil) to Sep. 2023 (HK$0 Mil) but then increased from Sep. 2023 (HK$0 Mil) to Dec. 2023 (HK$216 Mil).

Zhuzhou CRRC Times Electric Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$96 Mil) to Dec. 2022 (HK$151 Mil) and increased from Dec. 2022 (HK$151 Mil) to Dec. 2023 (HK$216 Mil).

Zhuzhou CRRC Times Electric Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhuzhou CRRC Times Electric 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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Zhuzhou CRRC Times Electric Co Long-Term Capital Lease Obligation Chart

Zhuzhou CRRC Times Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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79.58

67.17

95.82

151.18

215.54

Zhuzhou CRRC Times Electric Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															151.18	241.17	-	215.54	-

Zhuzhou CRRC Times Electric Co (HKSE:03898) 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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Zhuzhou CRRC Times Electric Co (HKSE:03898) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhuzhou CRRC Times Electric Co Ltd (HKSE:03898) » Definitions » Long-Term Capital Lease Obligation

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ZHUZY:USA ZTX:Germany 688187:China

Address

No. 169 Times Road, Shifeng District, Hunan Province, Zhuzhou, CHN, 412001

Website

http://www.tec.crrczic.cc

Zhuzhou CRRC Times Electric Co Ltd is a China-based company mainly engaged in the research and development (R&D), design, manufacturing and sales of rail transit equipment products. The Company is also engaged in R&D, design, manufacturing and sales of emerging equipment. The rail transit equipment business mainly includes rail transit electrical equipment, such as traction converter system, information and intelligent system products, power supply system and test equipment, and rail engineering machinery and communication signal system. semiconductor devices, industrial converter products, electric drive systems of new energy vehicles, sensor devices and marine engineering equipment. The Company operates in the domestic market and overseas markets.

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