Guobo Electronics Co (SHSE:688375) Long-Term Capital Lease Obligation : ¥100 Mil (As of Mar. 2024)

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What is Guobo Electronics Co Long-Term Capital Lease Obligation?

Guobo Electronics Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥100 Mil.

Guobo Electronics Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥117 Mil) to Dec. 2023 (¥98 Mil) but then increased from Dec. 2023 (¥98 Mil) to Mar. 2024 (¥100 Mil).

Guobo Electronics Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥162 Mil) to Dec. 2022 (¥132 Mil) and declined from Dec. 2022 (¥132 Mil) to Dec. 2023 (¥98 Mil).

Guobo Electronics Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guobo Electronics 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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Guobo Electronics Co Long-Term Capital Lease Obligation Chart

Guobo Electronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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150.24

162.35

132.44

98.38

Guobo Electronics Co Quarterly Data
	Dec18	Dec19	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												134.15	136.69	117.33	98.38	99.73

Guobo Electronics Co (SHSE:688375) 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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Guobo Electronics Co (SHSE:688375) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guobo Electronics Co Ltd (SHSE:688375) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 166, Zhengfang Middle Road,, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211111

Website

http://www.gbdz.net

Guobo Electronics Co Ltd is engaged in the research and development, production and sales of active phased array T/R components and radio frequency integrated circuits related products.

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