Beijing Roborock Technology Co (SHSE:688169) Long-Term Capital Lease Obligation : ¥94 Mil (As of Mar. 2024)

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What is Beijing Roborock Technology Co Long-Term Capital Lease Obligation?

Beijing Roborock Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥94 Mil.

Beijing Roborock Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥83 Mil) to Dec. 2023 (¥110 Mil) but then declined from Dec. 2023 (¥110 Mil) to Mar. 2024 (¥94 Mil).

Beijing Roborock Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥9 Mil) to Dec. 2022 (¥69 Mil) and increased from Dec. 2022 (¥69 Mil) to Dec. 2023 (¥110 Mil).

Beijing Roborock Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Beijing Roborock 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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Beijing Roborock Technology Co Long-Term Capital Lease Obligation Chart

Beijing Roborock Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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16.82

8.95

69.04

109.66

Beijing Roborock Technology 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															83.93	65.17	83.44	109.66	94.10

Beijing Roborock Technology Co (SHSE:688169) 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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Beijing Roborock Technology Co (SHSE:688169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Roborock Technology Co Ltd (SHSE:688169) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 8 Heiquan Road, No. 6016, 6017, 6018, 6th Floor, Block C, Kangjian Baosheng Plaza, Room 6003, Building C, Haidian District, Beijing, CHN, 100085

Website

https://www.roborock.com

Beijing Roborock Technology Co Ltd is engaged in research, development, and production of robotic home cleaners and other cleaning appliances. The company's products portfolio includes Roborocok H6, Roborock S6 Serie, Roborock S4, Roborock S5 Max, Roborock S5, Roborock Xiaowa E2, and Roborock Xiaowa E3. Its Roborock acts both as a powerful vacuum, and an mopping robot.

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