Changhong Huayi Compressor Co (SZSE:000404) Long-Term Capital Lease Obligation : ¥104 Mil (As of Jun. 2024)

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What is Changhong Huayi Compressor Co Long-Term Capital Lease Obligation?

Changhong Huayi Compressor Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥104 Mil.

Changhong Huayi Compressor Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (¥116 Mil) to Mar. 2024 (¥113 Mil) and declined from Mar. 2024 (¥113 Mil) to Jun. 2024 (¥104 Mil).

Changhong Huayi Compressor Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0 Mil) to Dec. 2022 (¥29 Mil) and increased from Dec. 2022 (¥29 Mil) to Dec. 2023 (¥116 Mil).

Changhong Huayi Compressor Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Changhong Huayi Compressor 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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Changhong Huayi Compressor Co Long-Term Capital Lease Obligation Chart

Changhong Huayi Compressor Co Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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0.05

29.03

115.61

Changhong Huayi Compressor Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															26.34	82.67	115.61	113.03	104.39

Changhong Huayi Compressor Co (SZSE:000404) 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.

Changhong Huayi Compressor Co Long-Term Capital Lease Obligation Related Terms

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Changhong Huayi Compressor Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changhong Huayi Compressor Co Ltd (SZSE:000404) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Changhong Avenue, Gaoxin Development Zone, Jingdezhen, Jiangxi, CHN, 333001

Website

https://www.hua-yi.cn

Changhong Huayi Compressor Co Ltd is a China-based company that develops and produces various types of compressors such as refrigerators, freezers, water dispensers, ice machines, and dehumidifiers. The company has established partnerships for the purpose of sales with domestic and foreign refrigerator companies such as Haier, Hisense, Midea, Meiling and Germany Bosch-Siemens, Sweden Electrolux, Italy Yixixi, Spain Fagor, Liebherr, Samsung, Toshiba.

Executives

Yang Fan	Executives
Shi Qiang	Secretary, Director
Yu Wan Chun	Executives
Chen Si Yuan	Supervisors
Zhang Qin Jian	Directors, executives
Yang Xiu Biao	Director
Xiao Wen Yi	Directors, executives
He Cheng Zhi	Executives
Pang Hai Tao	Executives
Fu Nian Ping	Director
Wu Wei Yu	Directors, executives
Cha Chun Xia	Supervisors
Wang Guo Qing	Executives
Wu Jing Hua	Executives
Zhu Jin Song	Directors, executives

Changhong Huayi Compressor Co Headlines

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