Gch Technology Co (SHSE:688625) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Mar. 2024)

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What is Gch Technology Co Long-Term Capital Lease Obligation?

Gch Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil.

Gch Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0.0 Mil) to Dec. 2023 (¥0.1 Mil) but then declined from Dec. 2023 (¥0.1 Mil) to Mar. 2024 (¥0.0 Mil).

Gch Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥7.8 Mil) to Dec. 2022 (¥3.4 Mil) and declined from Dec. 2022 (¥3.4 Mil) to Dec. 2023 (¥0.1 Mil).

Gch Technology Co Long-Term Capital Lease Obligation Historical Data

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

Gch Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.33

7.81

3.39

0.06

Gch Technology Co Quarterly Data
	Dec18	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															2.08	0.92	0.01	0.06	-

Gch Technology Co (SHSE:688625) 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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Gch Technology Co (SHSE:688625) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gch Technology Co Ltd (SHSE:688625) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 2, Keqiang Road, No. 1633, Beitai Road, Guangzhou Private Science and Technology Park, Baiyun District, Guangdong Province, Guangzhou, CHN, 510000

Website

http://www.gchchem.com

Gch Technology Co Ltd is a specialty chemicals company. It manufactures and markets technologically advanced and high value added products, including nucleator, synthetic hydrotalcite, non-dust one-pack, master batch, flame retardant synergist, anti-oxidant, light stabilizer and others.

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