Shenzhen Xinyuren Technology Co (SHSE:688573) Long-Term Capital Lease Obligation : ¥28.2 Mil (As of Mar. 2025)

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What is Shenzhen Xinyuren Technology Co Long-Term Capital Lease Obligation?

Shenzhen Xinyuren Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥28.2 Mil.

Shenzhen Xinyuren Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥11.7 Mil) to Dec. 2024 (¥24.0 Mil) and increased from Dec. 2024 (¥24.0 Mil) to Mar. 2025 (¥28.2 Mil).

Shenzhen Xinyuren Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥4.9 Mil) to Dec. 2023 (¥2.4 Mil) but then increased from Dec. 2023 (¥2.4 Mil) to Dec. 2024 (¥24.0 Mil).

Shenzhen Xinyuren Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shenzhen Xinyuren 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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Shenzhen Xinyuren Technology Co Long-Term Capital Lease Obligation Chart

Shenzhen Xinyuren Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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9.29

4.86

2.40

24.00

Shenzhen Xinyuren Technology Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											0.87	12.07	11.72	24.00	28.22

Shenzhen Xinyuren Technology Co (SHSE:688573) 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 Xinyuren Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Xinyuren Technology Co Ltd (SHSE:688573) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

Longcheng Street, 1st - 4th Floor, No. 2 Factory Building, Huilongpu Community, Hongfeng (Longgang) Industrial Factory, Longgang District, Guangdong, Shenzhen, CHN, 518172

Website

https://www.xinyuren.com

Shenzhen Xinyuren Technology Co Ltd is a national high-tech enterprise focusing on high-end equipment. It is mainly engaged in the research and development, production and sales of intelligent manufacturing high-end equipment. The products mainly include lithium-ion battery production equipment and its key components parts and other automation equipment, providing high-end equipment and automation solutions for customers in industries such as lithium-ion batteries, optoelectronics, medical supplies, and hydrogen fuel cells.

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