Guangdong Skychem Technology Co (SHSE:688603) Long-Term Capital Lease Obligation : ¥22.9 Mil (As of Mar. 2024)

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What is Guangdong Skychem Technology Co Long-Term Capital Lease Obligation?

Guangdong Skychem Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥22.9 Mil.

Guangdong Skychem Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥20.4 Mil) to Dec. 2023 (¥27.3 Mil) but then declined from Dec. 2023 (¥27.3 Mil) to Mar. 2024 (¥22.9 Mil).

Guangdong Skychem Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0.0 Mil) to Dec. 2022 (¥23.6 Mil) and increased from Dec. 2022 (¥23.6 Mil) to Dec. 2023 (¥27.3 Mil).

Guangdong Skychem Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangdong Skychem 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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Guangdong Skychem Technology Co Long-Term Capital Lease Obligation Chart

Guangdong Skychem Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

27.63

23.58

27.29

Guangdong Skychem Technology Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							20.24	20.21	20.36	27.29	22.93

Guangdong Skychem Technology Co (SHSE:688603) 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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Guangdong Skychem Technology Co (SHSE:688603) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Skychem Technology Co Ltd (SHSE:688603) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 280, Hualian 3rd Road, Nanshui Town, Jinwan, Guangdong, Zhuhai, CHN, 519000

Website

http://www.skychemcn.com

Guangdong Skychem Technology Co Ltd is engaged in the research & development, production and sales of special electronic chemicals required by PCB. As a substrate for assembling electronic components and chip packaging, PCB is a key electronic interconnection of electronic products.

Executives

Tong Mao Jun

Director

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