Navinfo Co (SZSE:002405) Long-Term Capital Lease Obligation : ¥28 Mil (As of Mar. 2024)

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What is Navinfo Co Long-Term Capital Lease Obligation?

Navinfo Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥28 Mil.

Navinfo Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥35 Mil) to Dec. 2023 (¥31 Mil) and declined from Dec. 2023 (¥31 Mil) to Mar. 2024 (¥28 Mil).

Navinfo Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥10 Mil) to Dec. 2022 (¥46 Mil) but then declined from Dec. 2022 (¥46 Mil) to Dec. 2023 (¥31 Mil).

Navinfo Co Long-Term Capital Lease Obligation Historical Data

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

Navinfo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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9.21

9.53

46.25

31.41

Navinfo 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															43.38	40.51	34.84	31.41	28.28

Navinfo Co (SZSE:002405) 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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Navinfo Co (SZSE:002405) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Navinfo Co Ltd (SZSE:002405) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

South East of YongFeng Road and BeiQing Road Intersection, 3 -13th Floor, A Block, Navinfo Building, Haidian District, Beijing, CHN, 100094

Website

http://www.navinfo.com

Navinfo Co Ltd is one of the leading provider of digital map content, car connectivity and dynamic traffic information services, and location-based big data vertical application services. The company' products meet the needs of the automotive navigation, consumer electronics navigation, internet and mobile internet, government and corporate application.

Executives

Wan Tie Jun	Executives
Bi Lei	Directors, executives
Meng Qing Xin	Directors, executives
Liang Yong Jie	Executives
Jin Shui Xiang	Executives
Song Tie Hui	Executives
Cheng Peng	Directors, executives
Sun Yu Guo	Director
Dai Dong Hai	Executives
Jing Mu Han	Executives
Qin Fang	Securities Affairs Representative
Jiang Xiao Ming	Executives
Xu Jin Hui	Supervisors
Lai Feng Fu	Executives
Cao Xiao Hang	Executives

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