Miracle Automation Engineering Co (SZSE:002009) Long-Term Capital Lease Obligation : ¥4 Mil (As of Mar. 2025)

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What is Miracle Automation Engineering Co Long-Term Capital Lease Obligation?

Miracle Automation Engineering Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥4 Mil.

Miracle Automation Engineering Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥4 Mil) to Dec. 2024 (¥5 Mil) but then declined from Dec. 2024 (¥5 Mil) to Mar. 2025 (¥4 Mil).

Miracle Automation Engineering Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (¥7 Mil) to Dec. 2023 (¥28 Mil) but then declined from Dec. 2023 (¥28 Mil) to Dec. 2024 (¥5 Mil).

Miracle Automation Engineering Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Miracle Automation Engineering 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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Miracle Automation Engineering Co Long-Term Capital Lease Obligation Chart

Miracle Automation Engineering Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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5.08

5.57

7.12

27.92

4.60

Miracle Automation Engineering Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															27.10	24.43	3.63	4.60	4.00

Miracle Automation Engineering Co (SZSE:002009) 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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Miracle Automation Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Miracle Automation Engineering Co Ltd (SZSE:002009) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 288 Luojing Road, Luoshe town, Huishan District, Jiangsu Province, Wuxi, CHN

Website

http://www.chinaconveyor.com

Miracle Automation Engineering Co Ltd is engaged in the design, manufacture, and installation of logistics systems, optical electromechanical integration projects, and a wind power generator in China.

Executives

Li Ming Bo	Executives
Zhang Yu Xing	Secretary, Director
Shen Xian Feng	Executives
Shen Bao Wei	Directors, executives
	Directors, executives
Chou Xue Qin	Executives
Li Feng Bao	Supervisors
Bai Kai Jun	Director
Yang Lei	Directors, executives
Zhang Yuan Xing	Supervisors

Miracle Automation Engineering Co Headlines

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