Zhejiang Grandwall Electric Science & Technology Co (SHSE:603897) Long-Term Capital Lease Obligation : ¥1 Mil (As of Mar. 2025)

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What is Zhejiang Grandwall Electric Science & Technology Co Long-Term Capital Lease Obligation?

Zhejiang Grandwall Electric Science & Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥1 Mil.

Zhejiang Grandwall Electric Science & Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (¥2 Mil) to Dec. 2024 (¥1 Mil) but then increased from Dec. 2024 (¥1 Mil) to Mar. 2025 (¥1 Mil).

Zhejiang Grandwall Electric Science & Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥6 Mil) to Dec. 2023 (¥2 Mil) and declined from Dec. 2023 (¥2 Mil) to Dec. 2024 (¥1 Mil).

Zhejiang Grandwall Electric Science & Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Grandwall Electric Science & 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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Zhejiang Grandwall Electric Science & Technology Co Long-Term Capital Lease Obligation Chart

Zhejiang Grandwall Electric Science & Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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6.05

2.21

1.36

Zhejiang Grandwall Electric Science & 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															2.24	2.27	2.28	1.36	1.37

Zhejiang Grandwall Electric Science & Technology Co (SHSE:603897) 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.

Zhejiang Grandwall Electric Science & Technology Co Long-Term Capital Lease Obligation Related Terms

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Zhejiang Grandwall Electric Science & Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Grandwall Electric Science & Technology Co Ltd (SHSE:603897) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 1, Great Wall Road East, Lianshi Town, Nanxun District, Zhejiang Province, Huzhou, CHN, 313013

Website

http://www.grandwall.com.cn

Zhejiang Grandwall Electric Science & Technology Co Ltd is engaged in the development and production of electromagnetic wire products. Its products are used in new energy power generation, automotive drive motors, household appliances, industrial motors, automotive motors, power tools, instrumentation and lighting appliances and other major industries.

Executives

Gu Lin Xiang	Director
Gu Lin Rong	senior management
Lu Yong Ming	senior management
Xu Yong Hua	Directors, senior managers
Yu Quan Na	Supervisors
Shi Jian Long	Supervisors
Fan Xian Hua	Director
Sheng Gen Mei	Supervisors
Yu Jian Li	Directors, senior managers

Zhejiang Grandwall Electric Science & Technology Co Headlines

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