Nanjing CIGU Technology (SHSE:688448) Long-Term Capital Lease Obligation : ¥1.1 Mil (As of Jun. 2024)

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What is Nanjing CIGU Technology Long-Term Capital Lease Obligation?

Nanjing CIGU Technology's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥1.1 Mil.

Nanjing CIGU Technology's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (¥1.7 Mil) to Mar. 2024 (¥1.1 Mil) but then increased from Mar. 2024 (¥1.1 Mil) to Jun. 2024 (¥1.1 Mil).

Nanjing CIGU Technology's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥6.8 Mil) to Dec. 2022 (¥2.7 Mil) and declined from Dec. 2022 (¥2.7 Mil) to Dec. 2023 (¥1.7 Mil).

Nanjing CIGU Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nanjing CIGU Technology'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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Nanjing CIGU Technology Long-Term Capital Lease Obligation Chart

Nanjing CIGU Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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6.83

2.74

1.68

Nanjing CIGU Technology Quarterly Data
	Dec18	Dec19	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												2.22	1.55	1.68	1.12	1.14

Nanjing CIGU Technology (SHSE:688448) 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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Nanjing CIGU Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nanjing CIGU Technology Corp Ltd (SHSE:688448) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 99, Jinxin Middle Road, Jiangsu Province (Jiangning Development Zone), iangning District, Nanjing, CHN, 211000

Website

http://www.cigu.com.cn

Nanjing CIGU Technology Corp Ltd is engaged in the research and development, production and sales of magnetic levitation fluid machinery and magnetic levitation bearings, high-speed motors, high-speed drives and other core components.

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