Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) Long-Term Capital Lease Obligation : ¥0 Mil (As of Mar. 2024)

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What is Anhui Sinonet and Xinlong Science & Technology Co Long-Term Capital Lease Obligation?

Anhui Sinonet and Xinlong Science & Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil.

Anhui Sinonet and Xinlong Science & Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥0 Mil) to Dec. 2023 (¥0 Mil) but then increased from Dec. 2023 (¥0 Mil) to Mar. 2024 (¥0 Mil).

Anhui Sinonet and Xinlong Science & Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥3 Mil) to Dec. 2022 (¥1 Mil) and declined from Dec. 2022 (¥1 Mil) to Dec. 2023 (¥0 Mil).

Anhui Sinonet and Xinlong Science & Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Anhui Sinonet and Xinlong Science & 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.

* Premium members only.

Anhui Sinonet and Xinlong Science & Technology Co Long-Term Capital Lease Obligation Chart

Anhui Sinonet and Xinlong Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.27

0.93

0.17

Anhui Sinonet and Xinlong Science & 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															0.73	0.56	0.37	0.17	0.18

Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) 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.

Anhui Sinonet and Xinlong Science & Technology Co Long-Term Capital Lease Obligation Related Terms

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Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Anhui Sinonet and Xinlong Science & Technology Co Ltd (SZSE:002298) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 118, Jiuhua North Road, Electrical Component Industrial Park, Economic and Technological Development Zone, Anhui Province, Wuhu, CHN, 241008

Website

http://www.ah-zdxl.com

Anhui Sinonet and Xinlong Science & Technology Co Ltd, formerly Anhui Xinlong Electronical Co Ltd are engaged in the production of high and low voltage switch equipment and electric machines.

Executives

Shu Long Sheng	Director
Qu Hong Gui	Directors, executives
He Li	Director
Yan Tao	Executives
Wang Yu	Directors, Directors, and Executives
Tao Li Ming	Executives
Li Xiao Qing	Executives
Zhou Chao	Directors, executives
Guo Chen	Director
Song Li Jun	Director
Jiang Ming	Independent director
Chen Bang Lian	Supervisors
Zhang Xiang	Director
Zhang Lu Yi	Supervisors
Zhu Wen	Securities Affairs Representative

Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) Headlines

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