Weichai Power Co (SZSE:000338) Long-Term Capital Lease Obligation : ¥4,415 Mil (As of Mar. 2024)

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What is Weichai Power Co Long-Term Capital Lease Obligation?

Weichai Power Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4,415 Mil.

Weichai Power Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥4,304 Mil) to Dec. 2023 (¥4,337 Mil) and increased from Dec. 2023 (¥4,337 Mil) to Mar. 2024 (¥4,415 Mil).

Weichai Power Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥5,041 Mil) to Dec. 2022 (¥4,424 Mil) and declined from Dec. 2022 (¥4,424 Mil) to Dec. 2023 (¥4,337 Mil).

Weichai Power Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Weichai Power 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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Weichai Power Co Long-Term Capital Lease Obligation Chart

Weichai Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8,943.58

7,235.90

5,041.12

4,424.33

4,336.71

Weichai Power 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															4,314.80	4,409.89	4,304.19	4,336.71	4,415.43

Weichai Power Co (SZSE:000338) 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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Weichai Power Co (SZSE:000338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weichai Power Co Ltd (SZSE:000338) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

WEICF:USA 02338:Hong Kong WI4:Germany

Address

197, Section A, Fu Shou East Street, High Technology Industrial Development Zone, Shandong Province, Weifang, CHN, 261061

Website

https://www.weichaipower.com

Weichai Power Co Ltd is an industrial technology company that offers vehicles, equipment, and logistics and supply chain services in China. The operating segments of the company are 1) Engines segment includes the manufacturing and sale of engines and related parts; 2) Automobiles and automobile components include the manufacturing and sale of automobiles and automobile components other than Engines; 3) Agricultural equipment includes the manufacturing and sale of agricultural equipment (complete machineries), agricultural machineries, agricultural vehicles and related parts; 4) Intelligent logistics includes forklift trucks production, warehousing technology and supply chain solution services.

Executives

Yan Jian Bo	Directors, executives
Zhang Ji Yuan	Executives
Li Shao Hua	Executives
Ren Bing Bing	Executives
Cao Zhi Yue	Executives
Yuan Hong Ming	Directors, executives
Yang Shi Hang	Director
Zhang Zhen Hua	Independent director
Wang Yue Pu	Director
Liu Xin Hua	Executives
Zhou Zhi Jun	Executives
Li Zhi	Executives

Weichai Power Co (SZSE:000338) Headlines

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