Ningbo Water Meter (Group) Co (SHSE:603700) Long-Term Capital Lease Obligation : ¥1 Mil (As of Mar. 2025)

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What is Ningbo Water Meter (Group) Co Long-Term Capital Lease Obligation?

Ningbo Water Meter (Group) Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥1 Mil.

Ningbo Water Meter (Group) Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥0 Mil) to Dec. 2024 (¥1 Mil) and increased from Dec. 2024 (¥1 Mil) to Mar. 2025 (¥1 Mil).

Ningbo Water Meter (Group) Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥1 Mil) to Dec. 2023 (¥0 Mil) but then increased from Dec. 2023 (¥0 Mil) to Dec. 2024 (¥1 Mil).

Ningbo Water Meter (Group) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ningbo Water Meter (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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Ningbo Water Meter (Group) Co Long-Term Capital Lease Obligation Chart

Ningbo Water Meter (Group) Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.19

1.60

0.66

0.29

0.57

Ningbo Water Meter (Group) 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															0.20	0.38	0.38	0.57	0.61

Ningbo Water Meter (Group) Co (SHSE:603700) 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.

Ningbo Water Meter (Group) Co Long-Term Capital Lease Obligation Related Terms

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Ningbo Water Meter (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Water Meter (Group) Co Ltd (SHSE:603700) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 355, Hongxing Road, Jiangbei District, Zhejiang Province, Ningbo, CHN, 315033

Website

http://www.chinawatermeter.com

Ningbo Water Meter (Group) Co Ltd is engaged in manufacturing water meters. The product portfolio includes liquid sealed water meters, volumetric rotary piston water meter, manual batch control water meter, multi-jet dry type water meter and others.

Executives

Chen Xiang	Supervisors
Xu Yun	Director
Wang Kai Ta	Director
Zhang Shi Hao	Director
Wang Zong Hui	Director
Zhang Lin	Director
Lin Qi	Supervisors
Chen Hai Hua	Supervisors
Xu Da Wei	senior management
Zhao Shao Man	Director

Ningbo Water Meter (Group) Co Headlines

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