Infotmic Co (SZSE:000670) Long-Term Capital Lease Obligation : ¥2 Mil (As of Mar. 2024)

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What is Infotmic Co Long-Term Capital Lease Obligation?

Infotmic Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2 Mil.

Infotmic Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥4 Mil) to Dec. 2023 (¥2 Mil) and declined from Dec. 2023 (¥2 Mil) to Mar. 2024 (¥2 Mil).

Infotmic Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥2 Mil) to Dec. 2022 (¥1 Mil) but then increased from Dec. 2022 (¥1 Mil) to Dec. 2023 (¥2 Mil).

Infotmic Co Long-Term Capital Lease Obligation Historical Data

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

Infotmic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.81

1.82

1.25

2.09

Infotmic 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															4.10	2.84	4.03	2.09	1.84

Infotmic Co (SZSE:000670) 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.

Infotmic Co Long-Term Capital Lease Obligation Related Terms

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Infotmic Co (SZSE:000670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Infotmic Co Ltd (SZSE:000670) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, Lane 500, Shengxia Road, 2nd Floor, Zhangjiang Hi-Tech Park, Jingzhou, CHN

Website

http://www.infotm.com

Infotmic Co Ltd is a China-based company engaged in the manufacturing of computer and communications equipment. The product portfolio of the company includes chips such as application processer, Beidou positioning chip, image processor and other chips, Image terminal, products, Intelligent terminal products, commercial equipment and other products. The company is also involved in the field of intelligent system operation by integrating mobile Internet, Internet of Things, Beidou system, intelligent terminal and back-end big data to provide system services such as smart city, data operation, digital ranch and smart home.

Executives

Li Shi Wei	Directors, executives
Chen Yan Biao	Director
Ding Qiang	Supervisors
Chen Zhi Cheng	Directors, executives
Tang Zhong Min	Director

Infotmic Co (SZSE:000670) Headlines

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