Konka Group Co (SZSE:000016) Long-Term Capital Lease Obligation : ¥154 Mil (As of Mar. 2024)

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What is Konka Group Co Long-Term Capital Lease Obligation?

Konka Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥154 Mil.

Konka Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥148 Mil) to Dec. 2023 (¥160 Mil) but then declined from Dec. 2023 (¥160 Mil) to Mar. 2024 (¥154 Mil).

Konka Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥43 Mil) to Dec. 2022 (¥37 Mil) but then increased from Dec. 2022 (¥37 Mil) to Dec. 2023 (¥160 Mil).

Konka Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Konka Group 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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Konka Group Co Long-Term Capital Lease Obligation Chart

Konka Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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62.28

42.53

36.59

160.22

Konka Group Co Quarterly Data
	Jun19	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															31.78	31.18	148.31	160.22	153.60

Konka Group Co (SZSE:000016) 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.

Konka Group Co Long-Term Capital Lease Obligation Related Terms

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Konka Group Co (SZSE:000016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Konka Group Co Ltd (SZSE:000016) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

200016:China

Address

28 Keji South Twelfth Road, Yuehai Street, 15-24th Floor, Konka R&D Center, Science and Technology Park, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.konka.com

Konka Group Co Ltd operates in the consumer electronics industry of China. The company sells its goods primarily in China, but a portion of its sales are from overseas markets. Most of its revenue is derived from the business-to-business sale of various color TV models including Smart TVs, LED TVs, 4K TVs, and OLED TVs. Its secondary source of revenue is obtained from the manufacture and sale of mobile phones and appliances such as refrigerators, washing machines, air conditioners, and freezers. The Konka Group also develops and maintains software technologies, produces and distributes molds and plastic products, and provides digital network products.

Executives

Zhou Bin	Executives
Zhang Guang Hui	Supervisors
Huo Jun	Director

Konka Group Co (SZSE:000016) Headlines

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