Eastcompeace Technology Co (SZSE:002017) Long-Term Capital Lease Obligation : ¥4 Mil (As of Mar. 2025)

View and export this data going back to 2004. Start your Free Trial

What is Eastcompeace Technology Co Long-Term Capital Lease Obligation?

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

Eastcompeace Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (¥4 Mil) to Dec. 2024 (¥4 Mil) and declined from Dec. 2024 (¥4 Mil) to Mar. 2025 (¥4 Mil).

Eastcompeace Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (¥0 Mil) to Dec. 2023 (¥6 Mil) but then declined from Dec. 2023 (¥6 Mil) to Dec. 2024 (¥4 Mil).

Eastcompeace Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Eastcompeace Technology 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.

* Premium members only.

Eastcompeace Technology Co Long-Term Capital Lease Obligation Chart

Eastcompeace Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

0.33

0.23

6.12

4.23

Eastcompeace Technology 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															5.44	4.72	4.26	4.23	3.67

Eastcompeace Technology Co (SZSE:002017) 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.

Eastcompeace Technology Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Eastcompeace Technology Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Eastcompeace Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Eastcompeace Technology Co Ltd (SZSE:002017) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Ping Gong Zhong Road, Nanping S&T Industry Community, Guangdon Province, Zhuhai, CHN, 519060

Website

http://www.eastcompeace.com

Eastcompeace Technology Co Ltd is a provider of smart card and system solution. The firm provides secure qualified products and services including scratch card, contactless card, dual interface card, citizen card, transportation card, social security card, SIMePay, terminal, device management system, mobile payment system, smart tracking system, banking card perso solution, one card solution, and overall solutions. It caters its services to telecommunications, banking and payment, government and public sectors. The company is based in China with a presence in Singapore, Bangladesh, India, and Russia.

Executives

Zhang Xiao Chuan	Directors, executives
Song Gang	Executives
Huang Xiao Peng	Executives
Shi Wen Zhong	Executives
Yuan Jian Guo	Executives
Zhou Yong Jian	Supervisors
Zhou Zhong Guo	Director
Ren Bo	Executives
Guo Duan Duan	Director
Hu Dan	Executives
Yang You Wei	Director
Huang Ning Zhai	Executives
Zhang Pei De	Executives
Li Hai Jiang	Executives

Eastcompeace Technology Co Headlines

No Headlines