Qijing Machinery Co (SHSE:603677) Long-Term Capital Lease Obligation : ¥1 Mil (As of Mar. 2025)

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What is Qijing Machinery Co Long-Term Capital Lease Obligation?

Qijing Machinery Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥1 Mil.

Qijing Machinery Co's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2024 (¥0 Mil) to Dec. 2024 (¥0 Mil) but then increased from Dec. 2024 (¥0 Mil) to Mar. 2025 (¥1 Mil).

Qijing Machinery Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥0 Mil) to Dec. 2023 (¥0 Mil) and declined from Dec. 2023 (¥0 Mil) to Dec. 2024 (¥0 Mil).

Qijing Machinery Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Qijing Machinery 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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Qijing Machinery Co Long-Term Capital Lease Obligation Chart

Qijing Machinery Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.16

1.03

0.38

0.19

Qijing Machinery 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															0.10	0.10	-	-	1.45

Qijing Machinery Co (SHSE:603677) 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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Qijing Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qijing Machinery Co Ltd (SHSE:603677) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 289 Qixiang North Road, Yuelong Street, Ninghai County, Zhejiang Province, Ningbo, CHN, 315609

Website

http://www.qijing-m.com

Qijing Machinery Co Ltd is a China based manufacturing company focused on the fine machining process. It is engaged in the business of designing, manufacturing and selling of washing machine gearcase, home appliance parts, auto parts, and power tools.

Executives

Zhou Chen	Directors, senior managers
Ye Ming Qi	Directors, senior managers
Tian Lin	senior management
	Director
Tang Hong	senior management
Wang Wei Dong	Director
Wang Dong Min	Director
Zhang Liang Chuan	senior management
Wang Yong Qi	Director
Wang Xing Qi	Director

Qijing Machinery Co Headlines

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