Venustech Group (SZSE:002439) Long-Term Capital Lease Obligation : ¥19 Mil (As of Mar. 2024)

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What is Venustech Group Long-Term Capital Lease Obligation?

Venustech Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥19 Mil.

Venustech Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥39 Mil) to Dec. 2023 (¥24 Mil) and declined from Dec. 2023 (¥24 Mil) to Mar. 2024 (¥19 Mil).

Venustech Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥50 Mil) to Dec. 2022 (¥40 Mil) and declined from Dec. 2022 (¥40 Mil) to Dec. 2023 (¥24 Mil).

Venustech Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Venustech Group'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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Venustech Group Long-Term Capital Lease Obligation Chart

Venustech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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78.59

50.26

39.80

23.91

Venustech Group 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															37.33	37.63	38.66	23.91	18.50

Venustech Group (SZSE:002439) 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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Venustech Group (SZSE:002439) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Venustech Group Inc (SZSE:002439) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No.8 Northeast Wangxi Road, 1st Floor, Qimingxing Building, Building 21, Zhongguancun Software Park, Haidian District, Beijing, CHN

Website

http://www.venustech.com.cn

Venustech Group Inc is a provider of network security products, trusted security management platform, as well as specialized security services and solutions in China.

Executives

Qi Jian	Director
Wang Jia	Directors, executives
Zhang Yuan	Directors, executives
Yan Li	Directors, executives
Liu Ke Quan	Directors, executives
Xie Qi Zhi	Supervisors
Pan Zhong Yu	Directors, executives
Zhong Dan	Securities Affairs Representative
Liu Xing Chi	Supervisors
Qiu Wei	Executives

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