Shandong Golden Empire Precision Machinery Technology Co (SHSE:603270) Long-Term Capital Lease Obligation : ¥5 Mil (As of Mar. 2025)

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What is Shandong Golden Empire Precision Machinery Technology Co Long-Term Capital Lease Obligation?

Shandong Golden Empire Precision Machinery Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥5 Mil.

Shandong Golden Empire Precision Machinery Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥5 Mil) to Dec. 2024 (¥5 Mil) but then declined from Dec. 2024 (¥5 Mil) to Mar. 2025 (¥5 Mil).

Shandong Golden Empire Precision Machinery Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥9 Mil) to Dec. 2023 (¥7 Mil) and declined from Dec. 2023 (¥7 Mil) to Dec. 2024 (¥5 Mil).

Shandong Golden Empire Precision Machinery Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shandong Golden Empire Precision Machinery 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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Shandong Golden Empire Precision Machinery Technology Co Long-Term Capital Lease Obligation Chart

Shandong Golden Empire Precision Machinery Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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6.07

9.04

7.38

5.01

Shandong Golden Empire Precision Machinery Technology Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											6.82	5.74	4.72	5.01	4.94

Shandong Golden Empire Precision Machinery Technology Co (SHSE:603270) 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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Shandong Golden Empire Precision Machinery Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Golden Empire Precision Machinery Technology Co Ltd (SHSE:603270) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 66, Zhengjia Town Industrial Zone, Dongchangfu, Shandong, Liaocheng, CHN, 252035

Website

http://www.gebchina.com

Shandong Golden Empire Precision Machinery Technology Co Ltd is engaged in Research and development, production and sales of precision mechanical parts.

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