Shanghai Yanhua Smartech Group Co (SZSE:002178) Long-Term Capital Lease Obligation : ¥15.0 Mil (As of Mar. 2024)

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What is Shanghai Yanhua Smartech Group Co Long-Term Capital Lease Obligation?

Shanghai Yanhua Smartech Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥15.0 Mil.

Shanghai Yanhua Smartech Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥17.4 Mil) to Dec. 2023 (¥16.1 Mil) and declined from Dec. 2023 (¥16.1 Mil) to Mar. 2024 (¥15.0 Mil).

Shanghai Yanhua Smartech Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥2.0 Mil) to Dec. 2022 (¥0.0 Mil) but then increased from Dec. 2022 (¥0.0 Mil) to Dec. 2023 (¥16.1 Mil).

Shanghai Yanhua Smartech Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Yanhua Smartech 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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Shanghai Yanhua Smartech Group Co Long-Term Capital Lease Obligation Chart

Shanghai Yanhua Smartech Group Co Annual Data

Trend

Dec14

Dec15

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.44

1.96

16.11

Shanghai Yanhua Smartech 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															0.77	18.85	17.37	16.11	15.04

Shanghai Yanhua Smartech Group Co (SZSE:002178) 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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Shanghai Yanhua Smartech Group Co (SZSE:002178) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai Yanhua Smartech Group Co Ltd (SZSE:002178) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 518 Wuning South Road, Hitech Plaza, 20F, Jing'an District, Shanghai, Shanghai, CHN, 200042

Website

http://www.chinaforwards.com

Shanghai Yanhua Smartech Group Co Ltd is a comprehensive service provider in the intelligent architecture industry. It provides intelligent building project solutions for various industries. The company's smart city business covers top-level planning and design to smart city construction and operation, including smart energy conservation, smart environmental protection, smart healthcare, data center, smart community, smart campus, smart building, smart transportation and other business areas.

Executives

Liu Jin Ling	Executives
Wang Dong Wei	Executives
Wang Xiang Yu	Executives
Zhang Tai Lin	Executives
Pan Hui	Directors, executives
Luo Gui Hua	Independent director
Chi Wei Guo	Secretary, Director
Yue Leng	Executives
Wu Chao Hui	Directors, executives
Ye Xiao Lei	Supervisors
Zhang Bin	Executives
Jin Zhen	Executives
Sheng Xiang Fu	Executives
Weng Zhi Yong	Executives
Zhou Pei Cheng	Securities Affairs Representative

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