Guangzhou Echom Science & Technology Co (SZSE:002420) Long-Term Capital Lease Obligation : ¥0 Mil (As of Sep. 2024)

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What is Guangzhou Echom Science & Technology Co Long-Term Capital Lease Obligation?

Guangzhou Echom Science & Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0 Mil.

Guangzhou Echom Science & Technology Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (¥2 Mil) to Jun. 2024 (¥1 Mil) and declined from Jun. 2024 (¥1 Mil) to Sep. 2024 (¥0 Mil).

Guangzhou Echom Science & Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0 Mil) to Dec. 2022 (¥8 Mil) but then declined from Dec. 2022 (¥8 Mil) to Dec. 2023 (¥4 Mil).

Guangzhou Echom Science & Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangzhou Echom 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.

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Guangzhou Echom Science & Technology Co Long-Term Capital Lease Obligation Chart

Guangzhou Echom Science & Technology Co Annual Data

Trend

Dec14

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Dec21

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Dec23

Long-Term Capital Lease Obligation

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7.94

3.83

Guangzhou Echom Science & Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.70	3.83	1.90	0.66	-

Guangzhou Echom Science & Technology Co (SZSE:002420) 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 Echom Science & Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Echom Science & Technology Co Ltd (SZSE:002420) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 29 Kefeng Road, Science City, Guangdong, Guangzhou, CHN, 510663

Website

http://www.echom.com

Guangzhou Echom Science & Technology Co Ltd is engaged in providing industrial design solutions and industrial design products. The services include design, mold, structure, injection molding, painting, and sheet metal.

Executives

Chen Jing Hua	Executives
Ren Xue Feng	Director
Ye Chang Yan	Directors, executives
Chen Juan	Executives
Liu Wen Sheng	Directors, executives
Ning Hong Tao	Director
Yu Qiu Yu	Executives
Wu Qiang	Executives
Li Nan Jing	Director
Xie Jin Cheng	Executives
Wang Chao	Supervisors
Chen Nai De	Supervisors
Xu Jian Bing	Director
Xie Fei Peng	Director

Guangzhou Echom Science & Technology Co Headlines

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