Hangcha Group Co (SHSE:603298) Long-Term Capital Lease Obligation : ¥80 Mil (As of Mar. 2024)

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What is Hangcha Group Co Long-Term Capital Lease Obligation?

Hangcha Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥80 Mil.

Hangcha Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥85 Mil) to Dec. 2023 (¥73 Mil) but then increased from Dec. 2023 (¥73 Mil) to Mar. 2024 (¥80 Mil).

Hangcha Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥45 Mil) to Dec. 2022 (¥42 Mil) but then increased from Dec. 2022 (¥42 Mil) to Dec. 2023 (¥73 Mil).

Hangcha Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hangcha Group 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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Hangcha Group Co Long-Term Capital Lease Obligation Chart

Hangcha Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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53.53

45.31

42.16

73.45

Hangcha Group 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															39.66	37.94	85.11	73.45	80.06

Hangcha Group Co (SHSE:603298) 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.

Hangcha Group Co Long-Term Capital Lease Obligation Related Terms

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Hangcha Group Co (SHSE:603298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hangcha Group Co Ltd (SHSE:603298) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

666 Xiangfu Road, Qingshan Lake Science and Technology City, Zhejiang, Hangzhou, CHN, 311305

Website

http://www.zjhc.cn

Hangcha Group Co Ltd is engaged in manufacturing of forklift truck. Its products include IC forklift truck, Electric forklift truck, warehouse equipment, tow tractors, side loading forklifts, explosion proof forklifts, empty container handlers and among others.

Executives

Jin Zhi Hao	senior management
Zhou Su Hua	senior management
Chen Sai Min	senior management
Zhao Li Min	Director
Chen Yuan Yuan	Supervisors
Li Yuan Song	senior management
Chen Wei Qiang	senior management
Ren Hai Hua	senior management

Hangcha Group Co (SHSE:603298) Headlines

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