Guoguang Electric Co (SZSE:002045) Long-Term Capital Lease Obligation : ¥48 Mil (As of Sep. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Guoguang Electric Co Long-Term Capital Lease Obligation?

Guoguang Electric Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥48 Mil.

Guoguang Electric Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (¥27 Mil) to Jun. 2024 (¥26 Mil) but then increased from Jun. 2024 (¥26 Mil) to Sep. 2024 (¥48 Mil).

Guoguang Electric Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥10 Mil) to Dec. 2022 (¥12 Mil) and increased from Dec. 2022 (¥12 Mil) to Dec. 2023 (¥27 Mil).

Guoguang Electric Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guoguang Electric 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.

Guoguang Electric Co Long-Term Capital Lease Obligation Chart

Guoguang Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

15.83

10.45

11.66

27.44

Guoguang Electric Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.81	27.44	27.34	26.37	48.24

Guoguang Electric Co (SZSE:002045) 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.

Guoguang Electric Co Long-Term Capital Lease Obligation Related Terms

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

Guoguang Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guoguang Electric Co Ltd (SZSE:002045) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

8th Avenue, Guangzhou Xinya Mirror Lake Street, Huadu District, Guangdong, Guangzhou, CHN, 510800

Website

http://www.ggec.com.cn

Guoguang Electric Co Ltd is engaged in manufacturing electro-acoustic and electronic products in China. The product portfolio of the company includes audio accessories, speaker units, audio systems, digital amplifiers, and polymer lithium batteries.

Executives

Tan Guang Rong	Independent director
Liu Jie Sheng	Independent director
Huang Jin Rong	Director
Wen Di	Supervisors
Zhou Hai Chang	Director
Ling Qin	Directors, executives
Chen Jin Qi	Director
Shen Jian Min	Executives

Guoguang Electric Co Headlines

No Headlines