Shenzhen Intellifusion Technologies Co (SHSE:688343) Long-Term Capital Lease Obligation : ¥21.3 Mil (As of Mar. 2024)

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What is Shenzhen Intellifusion Technologies Co Long-Term Capital Lease Obligation?

Shenzhen Intellifusion Technologies Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥21.3 Mil.

Shenzhen Intellifusion Technologies Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥5.1 Mil) to Dec. 2023 (¥22.9 Mil) but then declined from Dec. 2023 (¥22.9 Mil) to Mar. 2024 (¥21.3 Mil).

Shenzhen Intellifusion Technologies Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥13.6 Mil) to Dec. 2022 (¥2.7 Mil) but then increased from Dec. 2022 (¥2.7 Mil) to Dec. 2023 (¥22.9 Mil).

Shenzhen Intellifusion Technologies Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shenzhen Intellifusion Technologies 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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Shenzhen Intellifusion Technologies Co Long-Term Capital Lease Obligation Chart

Shenzhen Intellifusion Technologies Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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33.41

13.57

2.66

22.86

Shenzhen Intellifusion Technologies Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														2.33	1.91	5.07	22.86	21.31

Shenzhen Intellifusion Technologies Co (SHSE:688343) 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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Shenzhen Intellifusion Technologies Co (SHSE:688343) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Intellifusion Technologies Co Ltd (SHSE:688343) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 8288, Longgang Avenue, Yuanshan Street, 4th Floor, Building 36, Shenzhen Universiade Software Town, Longgang District, Guangdong, Shenzhen, CHN, 518000

Website

https://www.intellif.com

Shenzhen Intellifusion Technologies Co Ltd with artificial intelligence algorithm and chip technology as the core, it provides customers with self-developed core products such as algorithm software and chips.

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