IReader Technology Co (SHSE:603533) Long-Term Capital Lease Obligation : ¥8 Mil (As of Mar. 2025)

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What is IReader Technology Co Long-Term Capital Lease Obligation?

IReader Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥8 Mil.

IReader Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (¥10 Mil) to Dec. 2024 (¥9 Mil) and declined from Dec. 2024 (¥9 Mil) to Mar. 2025 (¥8 Mil).

IReader Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (¥0 Mil) to Dec. 2023 (¥13 Mil) but then declined from Dec. 2023 (¥13 Mil) to Dec. 2024 (¥9 Mil).

IReader Technology Co Long-Term Capital Lease Obligation Historical Data

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

IReader Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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14.39

0.72

0.49

12.97

8.98

IReader Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	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															12.31	11.22	10.25	8.98	8.00

IReader Technology Co (SHSE:603533) 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.

IReader Technology Co Long-Term Capital Lease Obligation Related Terms

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IReader Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IReader Technology Co Ltd (SHSE:603533) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.39, East Third Ring Road, 20307, ??Building 20, Jianwai SOHO Building, Chaoyang District, Beijing, CHN, 100022

Website

http://www.zhangyue.com

IReader Technology Co Ltd operates as a mobile software development company. It develops, and markets mobile phone reading application known as iReader e-book reader, a software for mobile reading APP. The app is developed for both android and iPhone platform. Geographically the activities are carried out through China.

Executives

Zhang Ling Yun	Director
Cheng Xiang Jun	Directors, senior managers
Wang Liang	Director

IReader Technology Co Headlines

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