Guangzhou Tech-Long Packing Machine Co (SZSE:002209) Long-Term Capital Lease Obligation : ¥56 Mil (As of Mar. 2024)

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What is Guangzhou Tech-Long Packing Machine Co Long-Term Capital Lease Obligation?

Guangzhou Tech-Long Packing Machine Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥56 Mil.

Guangzhou Tech-Long Packing Machine Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥50 Mil) to Dec. 2023 (¥58 Mil) but then declined from Dec. 2023 (¥58 Mil) to Mar. 2024 (¥56 Mil).

Guangzhou Tech-Long Packing Machine Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥54 Mil) to Dec. 2022 (¥53 Mil) but then increased from Dec. 2022 (¥53 Mil) to Dec. 2023 (¥58 Mil).

Guangzhou Tech-Long Packing Machine Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangzhou Tech-Long Packing Machine 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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Guangzhou Tech-Long Packing Machine Co Long-Term Capital Lease Obligation Chart

Guangzhou Tech-Long Packing Machine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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35.70

53.77

52.79

57.89

Guangzhou Tech-Long Packing Machine 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															53.63	51.11	49.94	57.89	55.85

Guangzhou Tech-Long Packing Machine Co (SZSE:002209) 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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Guangzhou Tech-Long Packing Machine Co (SZSE:002209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangzhou Tech-Long Packing Machine Co Ltd (SZSE:002209) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Yunpu 1 Road, Huangpu District, Guangzhou, CHN, 510530

Website

http://www.tech-long.com

Guangzhou Tech-long Packing Machine Co. Ltd is a provider of turnkey solutions for global liquid product manufacturers. The company mainly provides equipment for the liquid packaging industry. Its products offer water treatment solutions, beverage pre-treatment systems, and others. The product portfolio includes water treatment system, blow molding machines, filling machine, large container filling machine, packaging machine, conveying machine and others.

Executives

Chen Gang	Director
Zhang Chong Ming	Executives
Zhang Song Ming	Directors, executives
Xie Wei	Supervisors
Wang Hao Hui	Independent director
Zou Da Qun	Director
Kong Xiang Jie	Directors, executives
Zhang Zan Ming	Executives
Wang Wei Dong	Directors, executives
Wang Zhong	Directors, executives

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