Fujian Foxit Software Development Joint Stock Co (SHSE:688095) Long-Term Capital Lease Obligation : ¥29.0 Mil (As of Mar. 2024)

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What is Fujian Foxit Software Development Joint Stock Co Long-Term Capital Lease Obligation?

Fujian Foxit Software Development Joint Stock Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥29.0 Mil.

Fujian Foxit Software Development Joint Stock Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥30.1 Mil) to Dec. 2023 (¥28.1 Mil) but then increased from Dec. 2023 (¥28.1 Mil) to Mar. 2024 (¥29.0 Mil).

Fujian Foxit Software Development Joint Stock Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥9.9 Mil) to Dec. 2022 (¥13.0 Mil) and increased from Dec. 2022 (¥13.0 Mil) to Dec. 2023 (¥28.1 Mil).

Fujian Foxit Software Development Joint Stock Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fujian Foxit Software Development Joint Stock 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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Fujian Foxit Software Development Joint Stock Co Long-Term Capital Lease Obligation Chart

Fujian Foxit Software Development Joint Stock Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.07

9.87

13.03

28.08

Fujian Foxit Software Development Joint Stock Co Quarterly Data
	Jun19	Sep19	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															12.03	21.01	30.14	28.08	28.96

Fujian Foxit Software Development Joint Stock Co (SHSE:688095) 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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Fujian Foxit Software Development Joint Stock Co (SHSE:688095) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fujian Foxit Software Development Joint Stock Co Ltd (SHSE:688095) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 89 Software Avenue, Building 5, Area G, Fuzhou Software Park, Gulou District, Fujian Province, Fuzhou, CHN, 350003

Website

https://www.foxitsoftware.cn

Fujian Foxit Software Development Joint Stock Co Ltd is an internationally operated PDF electronic document solution provider. The company develops and markets PDF products and services to help knowledge workers increase productivity and do more when processing documents. Its products include Foxit Reader, Foxit MobilePDF, Foxit Advanced PDF Editor, Foxit PDF IFilter; and its Development platform and tools include Foxit PDF SDK, Foxit PDF SDK ActiveX, Foxit PDF SDK for Web, and Foxit PDF Toolkit.

Executives

Li You Ming	senior management
Liang Jun Yi	Core technical personnel
Xiong Yu Qian	Directors, senior managers, core technical personn
Li Wei Lan	senior management
Di Pu Jiang	Directors, senior managers
Xiang Yan Yu	Director

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