Han's Laser Technology Industry Group Co (SZSE:002008) Long-Term Capital Lease Obligation : ¥170 Mil (As of Mar. 2024)

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What is Han's Laser Technology Industry Group Co Long-Term Capital Lease Obligation?

Han's Laser Technology Industry Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥170 Mil.

Han's Laser Technology Industry Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥182 Mil) to Dec. 2023 (¥175 Mil) and declined from Dec. 2023 (¥175 Mil) to Mar. 2024 (¥170 Mil).

Han's Laser Technology Industry Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥222 Mil) to Dec. 2022 (¥170 Mil) but then increased from Dec. 2022 (¥170 Mil) to Dec. 2023 (¥175 Mil).

Han's Laser Technology Industry Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Han's Laser Technology Industry Group 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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Han's Laser Technology Industry Group Co Long-Term Capital Lease Obligation Chart

Han's Laser Technology Industry Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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142.62

222.01

169.75

175.31

Han's Laser Technology Industry Group 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															148.69	184.66	181.59	175.31	170.14

Han's Laser Technology Industry Group Co (SZSE:002008) 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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Han's Laser Technology Industry Group Co (SZSE:002008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Han's Laser Technology Industry Group Co Ltd (SZSE:002008) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO. 9988 Shennan Avenue, Han's Laser Building, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.hanslaser.com

Founded in 2001, Han's Laser is engaged in manufacturing laser and printed circuit board processing equipment including engravers, welding machines and cutters. It is China's largest laser equipment supplier and the world's third-largest. The company's equipment is applied in the production of consumer electronics, integrated circuits, telecom equipment, auto parts, aerospace, railways and medical devices. The company is headquartered in Shenzhen, China. The group employs nearly 20,000 people and has over 100 offices in China and about 20 countries abroad.

Executives

Du Yong Gang	Directors, executives
Chen Ke Sheng	Executives
Ren Ning	Executives
Zhou Hui Qiang	Executives
Zhang Jian Qun	Directors, executives
Ning Yan Hua	Executives
Yang Chao Hui	Executives
Huang Xiang Hu	Executives
Yin Jian Gang	Executives
Zhao Guang Hui	Executives
Chen Xue Mei	Supervisors
Li Yu Ting	Executives
Chen Yan	Executives
Wang Lin	Securities Affairs Representative
Zhang Hong Xin	Executives

Han's Laser Technology Industry Group Co (SZSE:002008) Headlines

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