Sunwave Communications Co (SZSE:002115) Long-Term Capital Lease Obligation : ¥31 Mil (As of Mar. 2024)

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What is Sunwave Communications Co Long-Term Capital Lease Obligation?

Sunwave Communications Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥31 Mil.

Sunwave Communications Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥47 Mil) to Dec. 2023 (¥31 Mil) but then increased from Dec. 2023 (¥31 Mil) to Mar. 2024 (¥31 Mil).

Sunwave Communications Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥22 Mil) to Dec. 2022 (¥31 Mil) but then declined from Dec. 2022 (¥31 Mil) to Dec. 2023 (¥31 Mil).

Sunwave Communications Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sunwave Communications 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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Sunwave Communications Co Long-Term Capital Lease Obligation Chart

Sunwave Communications Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.24

22.36

31.31

30.98

Sunwave Communications 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															31.12	35.36	46.64	30.98	31.32

Sunwave Communications Co (SZSE:002115) 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.

Sunwave Communications Co Long-Term Capital Lease Obligation Related Terms

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Sunwave Communications Co (SZSE:002115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sunwave Communications Co Ltd (SZSE:002115) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 581 Torch Avenue, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310053

Website

http://www.sunwave.com.cn

Sunwave Communications Co Ltd is principally engaged in the manufacturing and sale of communication equipment in China. The company also provide system integration services and development, and are involved in the sale of wireless electronic devices.

Executives

Li Yue Lun	Directors, executives
Zheng Jian Bo	Director
Li Wei Yi	Supervisors
Zhang Jian Zhou	Executives
Li Guan Xiong	Securities Affairs Representative
Li Jun	Director
Wu Zhi Jian	Executives
Li Gang	Directors, executives
Hong Ge	Executives
Lu Yuan Ji	Director
Wang Ping	Directors, executives
Zhou Yin	Executives
Cao Yong Fu	Supervisors
Zhou Mei Fei	Director
Jin Li	Executives

Sunwave Communications Co (SZSE:002115) Headlines

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