Chengdu Xuguang Electronics Co (SHSE:600353) Long-Term Capital Lease Obligation : ¥10 Mil (As of Mar. 2024)

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What is Chengdu Xuguang Electronics Co Long-Term Capital Lease Obligation?

Chengdu Xuguang Electronics Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10 Mil.

Chengdu Xuguang Electronics Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥9 Mil) to Dec. 2023 (¥9 Mil) and increased from Dec. 2023 (¥9 Mil) to Mar. 2024 (¥10 Mil).

Chengdu Xuguang Electronics Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥2 Mil) to Dec. 2022 (¥8 Mil) and increased from Dec. 2022 (¥8 Mil) to Dec. 2023 (¥9 Mil).

Chengdu Xuguang Electronics Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chengdu Xuguang Electronics 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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Chengdu Xuguang Electronics Co Long-Term Capital Lease Obligation Chart

Chengdu Xuguang Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.26

8.30

8.73

Chengdu Xuguang Electronics Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.27	8.07	8.54	8.73	10.40

Chengdu Xuguang Electronics Co (SHSE:600353) 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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Chengdu Xuguang Electronics Co (SHSE:600353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chengdu Xuguang Electronics Co Ltd (SHSE:600353) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 172 Dianzi Road, Xindu Town, Xindu County, Chengdu, Sichuan, CHN, 610500

Website

http://www.xuguang.com

Chengdu Xuguang Electronics Co Ltd is engaged in the manufacture and sale of ceramic-metal electro-vacuum devices. It offers a product and services such as ceramic metallization, vacuum electronic components, high and low voltage power distribution equipment, fiber optic active components, and other special equipment for electronic industries.

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