Holitech Technology Co (SZSE:002217) Long-Term Capital Lease Obligation : ¥72 Mil (As of Mar. 2024)

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

Holitech Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥72 Mil.

Holitech Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥90 Mil) to Dec. 2023 (¥74 Mil) and declined from Dec. 2023 (¥74 Mil) to Mar. 2024 (¥72 Mil).

Holitech Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥169 Mil) to Dec. 2022 (¥112 Mil) and declined from Dec. 2022 (¥112 Mil) to Dec. 2023 (¥74 Mil).

Holitech Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Holitech 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.

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Holitech Technology Co Long-Term Capital Lease Obligation Chart

Holitech Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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237.98

169.46

112.11

73.55

Holitech Technology 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															100.39	94.66	89.60	73.55	71.90

Holitech Technology Co (SZSE:002217) 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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Holitech Technology Co (SZSE:002217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Holitech Technology Co Ltd (SZSE:002217) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 36, Dongfeng Road, Wuyuan County, Shandong Province, Zibo, CHN, 256120

Website

http://www.lianhechem.com.cn

Holitech Technology Co Ltd Ltd is engaged in the manufacture and sale of non-organic chemical products and chemical fertilizers. It is also engaged in development of electronic touch products.

Executives

Chen Hai Yuan	Securities Affairs Representative
Wen Kai Fu	Director
Wang Yuan Kun	Director
Ceng Xiao Li	Supervisors
Wang Yi Ming	Director
Wang Ling Hong	Supervisors
Li De Jun	Directors, executives
Wang Chong De	Supervisors
Fang Jing	Directors, executives
Pang Shi Sen	Directors, executives
Liu Zhu Qing	Director
Zhao Xi Yun	Director
Qi Yuan Shan	Supervisors

Holitech Technology Co (SZSE:002217) Headlines

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