Hangzhou Freely Communication Co (SHSE:603602) Long-Term Capital Lease Obligation : ¥11 Mil (As of Mar. 2024)

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What is Hangzhou Freely Communication Co Long-Term Capital Lease Obligation?

Hangzhou Freely Communication Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥11 Mil.

Hangzhou Freely Communication Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥10 Mil) to Dec. 2023 (¥10 Mil) and increased from Dec. 2023 (¥10 Mil) to Mar. 2024 (¥11 Mil).

Hangzhou Freely Communication Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥10 Mil) to Dec. 2022 (¥10 Mil) and increased from Dec. 2022 (¥10 Mil) to Dec. 2023 (¥10 Mil).

Hangzhou Freely Communication Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hangzhou Freely Communication 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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Hangzhou Freely Communication Co Long-Term Capital Lease Obligation Chart

Hangzhou Freely Communication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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16.94

9.87

9.90

9.97

Hangzhou Freely Communication 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															10.00	9.94	9.87	9.97	10.70

Hangzhou Freely Communication Co (SHSE:603602) 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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Hangzhou Freely Communication Co (SHSE:603602) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Hangzhou Freely Communication Co Ltd (SHSE:603602) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 459, Momo Road, 24th Floor, Block B, Concentration Center, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310012

Website

http://www.freelynet.com

Hangzhou Freely Communication Co Ltd is a communication network technology service provider. It is mainly engaged in communication extension network construction, communication network generation and communication network optimization. The company's service portfolio consists of base station installation engineering services, indoor distribution system technical services, integrated access technology services and network generation services.

Executives

Wu Hai Tao	Director
Wei Shi Chao	Director
Lin Ai Hua	Director
Su Wei Feng	Director
Zhu Jin Long	Director
Pu Shu	Director
Jia Li Ming	Director
Wu Jian Min	Supervisors

Hangzhou Freely Communication Co (SHSE:603602) Headlines

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