Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Long-Term Capital Lease Obligation : ¥99.5 Mil (As of Mar. 2024)

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What is Shanghai W-Ibeda High Tech Group Co Long-Term Capital Lease Obligation?

Shanghai W-Ibeda High Tech Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥99.5 Mil.

Shanghai W-Ibeda High Tech Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥89.5 Mil) to Dec. 2023 (¥104.6 Mil) but then declined from Dec. 2023 (¥104.6 Mil) to Mar. 2024 (¥99.5 Mil).

Shanghai W-Ibeda High Tech Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥8.3 Mil) to Dec. 2022 (¥95.2 Mil) and increased from Dec. 2022 (¥95.2 Mil) to Dec. 2023 (¥104.6 Mil).

Shanghai W-Ibeda High Tech Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai W-Ibeda High Tech 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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Shanghai W-Ibeda High Tech Group Co Long-Term Capital Lease Obligation Chart

Shanghai W-Ibeda High Tech Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.30

8.26

95.17

104.64

Shanghai W-Ibeda High Tech Group Co Quarterly Data
	Dec17	Dec18	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															96.88	84.31	89.47	104.64	99.49

Shanghai W-Ibeda High Tech Group Co (SHSE:688071) 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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Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai W-Ibeda High Tech Group Co Ltd (SHSE:688071) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 400 Fangchun Road, Room 301-206, 3rd Floor, Building 1, Pilot Free Trade Zone, Shanghai, CHN, 201202

Website

http://www.w-ibeda.com

Shanghai W-Ibeda High Tech Group Co Ltd is engaged in the research and development, design, manufacturing, sales and provision of related testing services for intelligent test equipment for automotive powertrains.

Executives

Wang Yu	Core technical personnel
Pan Min	Director
Zhang Jie Ping	Core technical personnel
	Core technical personnel

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