Tongwei Co (SHSE:600438) Long-Term Capital Lease Obligation : ¥4,009 Mil (As of Sep. 2024)

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What is Tongwei Co Long-Term Capital Lease Obligation?

Tongwei Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥4,009 Mil.

Tongwei Co's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (¥3,370 Mil) to Jun. 2024 (¥3,909 Mil) and increased from Jun. 2024 (¥3,909 Mil) to Sep. 2024 (¥4,009 Mil).

Tongwei Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥2,501 Mil) to Dec. 2022 (¥2,907 Mil) and increased from Dec. 2022 (¥2,907 Mil) to Dec. 2023 (¥3,216 Mil).

Tongwei Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tongwei 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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Tongwei Co Long-Term Capital Lease Obligation Chart

Tongwei Co Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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2,014.88

2,500.64

2,906.71

3,215.95

Tongwei Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3,212.04	3,215.95	3,370.16	3,908.69	4,008.52

Tongwei Co (SHSE:600438) 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.

Tongwei Co Long-Term Capital Lease Obligation Related Terms

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Tongwei Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tongwei Co Ltd (SHSE:600438) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 588, Middle Section Tianfu Avenue, High-Tech Zone, Tongwei International Center, Sichuan, Chengdu, CHN, 610041

Website

http://www.tongwei.com.cn

Tongwei is the largest polysilicon producer in the world. It produced 389 thousand metric tons of polysilicon in 2023, accounting for 27% of total production in China. Polysilicon contributed 32% of revenue and 65% of gross profit in 2023. Tongwei is also a global leading solar cell and module supplier.

Executives

Zhou Bin	senior management
Xie Yi	Director
Song Gang Jie	senior management
Yang Shi Xian	Supervisors
Shen Jin Zhu	senior management
Duan Yong	Director
Deng San	Supervisors
Chen Ping Fu	senior management
Zhang Lu	senior management
Wang Shang Wen	senior management
Guo Yi Zhong	senior management
Yan Hu	Director
Hong Rui	senior management
Yuan Shi Hua	senior management
Yan Bao Quan	Supervisors

Tongwei Co Headlines

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