Bescient Technologies Co (SHSE:688671) Long-Term Capital Lease Obligation : ¥9.5 Mil (As of Mar. 2024)

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What is Bescient Technologies Co Long-Term Capital Lease Obligation?

Bescient Technologies Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9.5 Mil.

Bescient Technologies Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0.1 Mil) to Dec. 2023 (¥10.2 Mil) but then declined from Dec. 2023 (¥10.2 Mil) to Mar. 2024 (¥9.5 Mil).

Bescient Technologies Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥7.1 Mil) to Dec. 2022 (¥2.5 Mil) but then increased from Dec. 2022 (¥2.5 Mil) to Dec. 2023 (¥10.2 Mil).

Bescient Technologies Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bescient Technologies 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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Bescient Technologies Co Long-Term Capital Lease Obligation Chart

Bescient Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

11.47

7.14

2.54

10.23

Bescient Technologies 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							1.62	0.56	0.15	10.23	9.51

Bescient Technologies Co (SHSE:688671) 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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Bescient Technologies Co (SHSE:688671) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bescient Technologies Co Ltd (SHSE:688671) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Liuxian 3rd Road, Xin'an Street, Room 301, Building 2, Runheng Industrial Zone, No. 1, Xingdong, Bao'an, Guangdong, Shenzhen, CHN, 518101

Website

http://www.bx-tec.com

Bescient Technologies Co Ltd is a national high-tech backbone enterprise engaged in the development of environmental automatic monitoring. It has always focused on the independent research and development of scientific instruments and big data and is committed to building multi-industry intelligent applications and services that perceive and interconnect all things, and provide strong technical support for the construction of the national ecological environment, water conservancy and public safety. Its main business involves research and development, production and technical services in the fields of intelligent environmental monitoring equipment, environmental monitoring Internet of Things and ecological environment big data, smart water affairs, digital agriculture, and public security.

Executives

He Yuan Ping

Director

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