Harbin Boshi Automation Co (SZSE:002698) Long-Term Capital Lease Obligation : ¥1 Mil (As of Mar. 2024)

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What is Harbin Boshi Automation Co Long-Term Capital Lease Obligation?

Harbin Boshi Automation Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil.

Harbin Boshi Automation Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥2 Mil) to Dec. 2023 (¥1 Mil) but then increased from Dec. 2023 (¥1 Mil) to Mar. 2024 (¥1 Mil).

Harbin Boshi Automation Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥0 Mil) to Dec. 2022 (¥0 Mil) but then increased from Dec. 2022 (¥0 Mil) to Dec. 2023 (¥1 Mil).

Harbin Boshi Automation Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Harbin Boshi Automation 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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Harbin Boshi Automation Co Long-Term Capital Lease Obligation Chart

Harbin Boshi Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.17

0.36

1.37

Harbin Boshi Automation 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															0.19	1.51	1.53	1.37	1.40

Harbin Boshi Automation Co (SZSE:002698) 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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Harbin Boshi Automation Co (SZSE:002698) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harbin Boshi Automation Co Ltd (SZSE:002698) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 9 Donghu Street, Yingbin Road Concentration Zone, Harbin Development Zone, Heilongjiang Province, Harbin, CHN, 150078

Website

http://www.boshi.cn

Harbin Boshi Automation Co Ltd is engaged in manufacturing robots, and automated equipment and system solutions in China. The company's main products and services include industrial robots, automated equipment and system solutions, and provide related value-added services. The products are mainly used in the post-processing of solid materials in petrochemical, coal chemical, salt chemical, fine chemical, fertilizer, metallurgy, logistics, food, feed and other industries.

Executives

Chen Bo	Secretary, Director
Deng Xi Jun	Directors, executives
Zhang Yu Chun	Directors, executives
Wang Chun Gang	Directors, executives
Zhao Jie	Director
Cai He Gao	Director
Yu Chuan Fu	Executives
Chu Ming Zhi	Supervisors
Qi Rong Kun	Independent director

Harbin Boshi Automation Co (SZSE:002698) Headlines

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