Huayu Automotive Systems Co (SHSE:600741) Long-Term Capital Lease Obligation : ¥3,899 Mil (As of Mar. 2024)

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What is Huayu Automotive Systems Co Long-Term Capital Lease Obligation?

Huayu Automotive Systems Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,899 Mil.

Huayu Automotive Systems Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥3,712 Mil) to Dec. 2023 (¥3,811 Mil) and increased from Dec. 2023 (¥3,811 Mil) to Mar. 2024 (¥3,899 Mil).

Huayu Automotive Systems Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥3,437 Mil) to Dec. 2022 (¥3,485 Mil) and increased from Dec. 2022 (¥3,485 Mil) to Dec. 2023 (¥3,811 Mil).

Huayu Automotive Systems Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Huayu Automotive Systems 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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Huayu Automotive Systems Co Long-Term Capital Lease Obligation Chart

Huayu Automotive Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,183.81

3,437.42

3,484.84

3,810.81

Huayu Automotive Systems 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															3,702.22	3,652.70	3,712.21	3,810.81	3,898.88

Huayu Automotive Systems Co (SHSE:600741) 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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Huayu Automotive Systems Co (SHSE:600741) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Huayu Automotive Systems Co Ltd (SHSE:600741) » Definitions » Long-Term Capital Lease Obligation

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Address

489, WeiHai Road, Shanghai, CHN, 200041

Website

http://www.huayu-auto.com

Huayu Automotive Systems Co Ltd is a China-based company engaged in the business of manufacturing and marketing of automotive components. The company is focused on the research and development, production, and marketing of automotive components. The organization operates in the business segments of Metal forming and dies which includes press machine dies, door panels, and others; Interior and exterior trimming which includes dashboard, airbag, seat assembly, etc; Electric and electronics parts including motor, roof window, smart key and others; Function parts such as exhaust system, spring, braking system; Hot-worked parts like piston, cylinder head; and New energy vehicle such as driving motor, power steering and other parts.

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