Ningbo Boway Alloy Material Co (SHSE:601137) Long-Term Capital Lease Obligation : ¥11 Mil (As of Mar. 2024)

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What is Ningbo Boway Alloy Material Co Long-Term Capital Lease Obligation?

Ningbo Boway Alloy Material Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥11 Mil.

Ningbo Boway Alloy Material Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥17 Mil) to Dec. 2023 (¥11 Mil) but then increased from Dec. 2023 (¥11 Mil) to Mar. 2024 (¥11 Mil).

Ningbo Boway Alloy Material Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥15 Mil) to Dec. 2022 (¥18 Mil) but then declined from Dec. 2022 (¥18 Mil) to Dec. 2023 (¥11 Mil).

Ningbo Boway Alloy Material Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ningbo Boway Alloy Material 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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Ningbo Boway Alloy Material Co Long-Term Capital Lease Obligation Chart

Ningbo Boway Alloy Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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18.86

14.61

18.02

11.50

Ningbo Boway Alloy Material 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															16.84	15.68	16.79	11.50	11.50

Ningbo Boway Alloy Material Co (SHSE:601137) 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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Ningbo Boway Alloy Material Co (SHSE:601137) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ningbo Boway Alloy Material Co Ltd (SHSE:601137) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

Number 288 Honggang Road, Yinzhou Economic Development Zone,Yinzhou District, Zhejiang Province, Ningbo, CHN, 314145

Website

http://www.pwalloy.com

Ningbo Boway Alloy Material Co Ltd is engaged in researching, developing, producing and selling non-ferrous alloy materials in China and internationally. It offers environmental, high conductivity, special, bronze, nickel-silver, and brass alloy materials, as well as copper alloys; and high precision copper alloy strips. The company also offers copper-titanium-zirconium- zinc alloy materials; and energy products, such as monocrystalline black components, polycrystalline, and solar modules.

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