Piotech (SHSE:688072) Long-Term Capital Lease Obligation : ¥10 Mil (As of Mar. 2024)

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What is Piotech Long-Term Capital Lease Obligation?

Piotech's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10 Mil.

Piotech's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0 Mil) to Dec. 2023 (¥2 Mil) and increased from Dec. 2023 (¥2 Mil) to Mar. 2024 (¥10 Mil).

Piotech's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥1 Mil) to Dec. 2022 (¥1 Mil) and increased from Dec. 2022 (¥1 Mil) to Dec. 2023 (¥2 Mil).

Piotech Long-Term Capital Lease Obligation Historical Data

The historical data trend for Piotech'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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Piotech Long-Term Capital Lease Obligation Chart

Piotech Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.88

1.00

2.41

Piotech Quarterly Data
	Dec18	Dec19	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													0.70	0.70	-	2.41	9.68

Piotech (SHSE:688072) 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.

Piotech Long-Term Capital Lease Obligation Related Terms

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Piotech (SHSE:688072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Piotech Inc (SHSE:688072) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 900, Shuijia, Hunnan District, Liaoning Province, Shenyang, CHN, 110168

Website

http://www.sypiotech.cn

Piotech Inc is engaged in the research and development, production, sales and technical services of high-end semiconductor special equipment.

Executives

Yang Xiao Qiang	senior management
Chen Xin Yi	Director
Zhao Xi	senior management
Zhang	senior management
Liu Jing	senior management
Ning Jian Ping	Senior management, core technical personnel
	senior management
Sun Li Jie	senior management

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