Guizhou Aviation Technical Development Co (SHSE:688239) Long-Term Capital Lease Obligation : ¥3 Mil (As of Jun. 2024)

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What is Guizhou Aviation Technical Development Co Long-Term Capital Lease Obligation?

Guizhou Aviation Technical Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥3 Mil.

Guizhou Aviation Technical Development Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (¥3 Mil) to Mar. 2024 (¥3 Mil) and declined from Mar. 2024 (¥3 Mil) to Jun. 2024 (¥3 Mil).

Guizhou Aviation Technical Development Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥2 Mil) to Dec. 2022 (¥4 Mil) but then declined from Dec. 2022 (¥4 Mil) to Dec. 2023 (¥3 Mil).

Guizhou Aviation Technical Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guizhou Aviation Technical Development 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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Guizhou Aviation Technical Development Co Long-Term Capital Lease Obligation Chart

Guizhou Aviation Technical Development Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.11

1.55

4.37

3.27

Guizhou Aviation Technical Development Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.53	3.45	3.27	2.86	2.57

Guizhou Aviation Technical Development Co (SHSE:688239) 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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Guizhou Aviation Technical Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Guizhou Aviation Technical Development Co Ltd (SHSE:688239) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shangbashan Road, Jinyang Science and Technology Industrial Park, Guiyang National High-tech Industrial Development, Guizhou Province, Guiyang, CHN, 550081

Website

http://www.gzhykj.net

Guizhou Aviation Technical Development Co Ltd is engaged in the research and development, production and sales of annular forgings of difficult-to-deform aerospace metal materials. Its products are mainly used in domestic aircraft engines, gas turbines, space launch vehicles, missiles and other high-end equipment fields.

Executives

Yang Jia Dian	Core technical personnel
Wang Hua Dong	Senior management, core technical personnel
Liu Chao Hui	Directors, senior managers
Song Jie	Supervisors

Guizhou Aviation Technical Development Co Headlines

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