AECC Aero-Engine Controls Co (SZSE:000738) Long-Term Capital Lease Obligation : ¥7 Mil (As of Mar. 2024)

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What is AECC Aero-Engine Controls Co Long-Term Capital Lease Obligation?

AECC Aero-Engine Controls Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7 Mil.

AECC Aero-Engine Controls Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥12 Mil) to Dec. 2023 (¥11 Mil) and declined from Dec. 2023 (¥11 Mil) to Mar. 2024 (¥7 Mil).

AECC Aero-Engine Controls Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥32 Mil) to Dec. 2022 (¥19 Mil) and declined from Dec. 2022 (¥19 Mil) to Dec. 2023 (¥11 Mil).

AECC Aero-Engine Controls Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for AECC Aero-Engine Controls 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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AECC Aero-Engine Controls Co Long-Term Capital Lease Obligation Chart

AECC Aero-Engine Controls Co Annual Data

Trend

Dec14

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Dec20

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Dec22

Dec23

Long-Term Capital Lease Obligation

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46.22

31.55

19.08

10.83

AECC Aero-Engine Controls 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															17.10	14.32	11.90	10.83	6.61

AECC Aero-Engine Controls Co (SZSE:000738) 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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AECC Aero-Engine Controls Co (SZSE:000738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AECC Aero-Engine Controls Co Ltd (SZSE:000738) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.72 , Liangxi Road, Binhu District, Jiangsu Province, Wuxi City, CHN

Website

http://www.aaec.com.cn

AECC Aero-Engine Controls Co Ltd is engaged in the provision of aviation and defense and non-aviation civilian products. The company provides civil aviation control system precision components for well-known aviation companies abroad. It operates through three major business segments, Engine Control Systems and Components, International Cooperation and Non-Navigation Products. The Engine Control System and Components business mainly include the development, production, repair, and sales of aero-engine control systems and derivative products.

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