Shanghai Beite Technology Co (SHSE:603009) Long-Term Capital Lease Obligation : ¥3 Mil (As of Mar. 2024)

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What is Shanghai Beite Technology Co Long-Term Capital Lease Obligation?

Shanghai Beite Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil.

Shanghai Beite Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥2 Mil) to Dec. 2023 (¥3 Mil) but then stayed the same from Dec. 2023 (¥3 Mil) to Mar. 2024 (¥3 Mil).

Shanghai Beite Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥5 Mil) to Dec. 2022 (¥3 Mil) and declined from Dec. 2022 (¥3 Mil) to Dec. 2023 (¥3 Mil).

Shanghai Beite Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Beite Technology 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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Shanghai Beite Technology Co Long-Term Capital Lease Obligation Chart

Shanghai Beite Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.06

5.49

3.09

2.69

Shanghai Beite Technology 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															3.09	2.18	1.73	2.69	2.69

Shanghai Beite Technology Co (SHSE:603009) 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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Shanghai Beite Technology Co (SHSE:603009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Beite Technology Co Ltd (SHSE:603009) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

No 2488 Gaoshi Road, Jiading District, Shanghai, IND, 201816

Website

http://sh-beite.com

Shanghai Beite Technology Co Ltd provides metal products for steering and shock absorber piston rod customers primarily in China. Its products include rack blanks, semi-finished racks, finished racks, finished valve sleeves, semi-finished input shafts, semi-finished worm shafts, pinion blanks, semi-finished pinions, piston rod blanks, semi-finished piston rods, and finished piston rods.

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