Triumph New Energy Co (SHSE:600876) Long-Term Capital Lease Obligation : ¥6 Mil (As of Mar. 2024)

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What is Triumph New Energy Co Long-Term Capital Lease Obligation?

Triumph New Energy Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6 Mil.

Triumph New Energy Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥7 Mil) to Dec. 2023 (¥6 Mil) and declined from Dec. 2023 (¥6 Mil) to Mar. 2024 (¥6 Mil).

Triumph New Energy Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥7 Mil) to Dec. 2022 (¥9 Mil) but then declined from Dec. 2022 (¥9 Mil) to Dec. 2023 (¥6 Mil).

Triumph New Energy Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Triumph New Energy 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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Triumph New Energy Co Long-Term Capital Lease Obligation Chart

Triumph New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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9.24

6.77

9.41

5.86

Triumph New Energy 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															9.25	7.65	7.49	5.86	5.66

Triumph New Energy Co (SHSE:600876) 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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Triumph New Energy Co (SHSE:600876) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Triumph New Energy Co Ltd (SHSE:600876) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

01108:Hong Kong LUG:Germany

Address

No. 9, Tang Gong Zhong Lu, Xigong District, Henan Province, Luoyang, CHN, 471009

Website

http://www.zhglb.com

Triumph New Energy Co Ltd formerly Luoyang Glass Co Ltd is a float glass manufacturing company. It manufactures ultra-thin float glass in the series of 0.12mm-2.0mm in China. The ultra-thin glass substrate is used for displaying, touching, window protection and functions in the panel display devices and touch equipment. The company generates revenue from production and sales of float sheet glass, and sale of raw materials to produce float sheet glass. Its business segments are namely information display glass, new energy glass and Other functional glass.

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