Zhejiang Damon Technology Co (SHSE:688360) Long-Term Capital Lease Obligation : ¥3 Mil (As of Mar. 2024)

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What is Zhejiang Damon Technology Co Long-Term Capital Lease Obligation?

Zhejiang Damon Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil.

Zhejiang Damon Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥7 Mil) to Dec. 2023 (¥6 Mil) and declined from Dec. 2023 (¥6 Mil) to Mar. 2024 (¥3 Mil).

Zhejiang Damon Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥7 Mil) to Dec. 2022 (¥4 Mil) but then increased from Dec. 2022 (¥4 Mil) to Dec. 2023 (¥6 Mil).

Zhejiang Damon Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Damon 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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Zhejiang Damon Technology Co Long-Term Capital Lease Obligation Chart

Zhejiang Damon Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.90

7.13

4.09

6.06

Zhejiang Damon 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															3.81	7.89	6.54	6.06	2.79

Zhejiang Damon Technology Co (SHSE:688360) 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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Zhejiang Damon Technology Co (SHSE:688360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Damon Technology Co Ltd (SHSE:688360) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shangqiang Industrial Zone, Zhejiang Province, Daixi Town, Huzhou, CHN, 313023

Website

http://www.damon-group.com

Zhejiang Damon Technology Co Ltd is a providers of intelligent logistics system solutions and key equipment in China. The company's business is divided into four divisions namely Dynamic storage division; Damon Australia division; Conveying sorting division; and Logistics components division. Its intelligent logistics equipment is widely used in intelligent manufacturing, e-commerce, express logistics, clothing, medicine, tobacco, new retail and other fields.

Executives

Wang Kai	Director
Zhuo Xu	Directors, senior managers
Guo Ai Hua	Directors, senior managers
Wu Zhong Hua	senior management

Zhejiang Damon Technology Co (SHSE:688360) Headlines

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