FAWER Automotive Parts Co (SZSE:000030) Long-Term Capital Lease Obligation : ¥143 Mil (As of Mar. 2024)

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What is FAWER Automotive Parts Co Long-Term Capital Lease Obligation?

FAWER Automotive Parts Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥143 Mil.

FAWER Automotive Parts Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥138 Mil) to Dec. 2023 (¥151 Mil) but then declined from Dec. 2023 (¥151 Mil) to Mar. 2024 (¥143 Mil).

FAWER Automotive Parts Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥163 Mil) to Dec. 2022 (¥150 Mil) but then increased from Dec. 2022 (¥150 Mil) to Dec. 2023 (¥151 Mil).

FAWER Automotive Parts Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for FAWER Automotive Parts 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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FAWER Automotive Parts Co Long-Term Capital Lease Obligation Chart

FAWER Automotive Parts Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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105.52

163.32

149.70

150.89

FAWER Automotive Parts 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															142.85	139.55	137.61	150.89	142.95

FAWER Automotive Parts Co (SZSE:000030) 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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FAWER Automotive Parts Co (SZSE:000030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » FAWER Automotive Parts Ltd Co (SZSE:000030) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

200030:China

Address

777 Dongfeng South Street, Xixin Economic Development Zone, Jilin Province, Changchun City, CHN, 130033

Website

http://www.fawer.com.cn

FAWER Automotive Parts Ltd Co is engaged in manufacturing automotive parts and components of environment control systems, chassis systems, steering and transmission systems, safety systems, engine accessory systems.

Executives

Wang Xiao Ping	Directors, executives
Gan Xian Guo	Directors, executives
Yang Yi Ping	Executives
Du Xin Yue	Executives
Zu Xue Zhong	Executives
Ye Fan	Directors, executives
Ban Wu	Director
Niu Su Yan	Supervisors
Gong Yi Heng	Supervisors

FAWER Automotive Parts Co (SZSE:000030) Headlines

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