Ocean's King Lighting Science & Technology Co (SZSE:002724) Long-Term Capital Lease Obligation : ¥3 Mil (As of Sep. 2024)

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What is Ocean's King Lighting Science & Technology Co Long-Term Capital Lease Obligation?

Ocean's King Lighting Science & Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥3 Mil.

Ocean's King Lighting Science & Technology Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (¥5 Mil) to Jun. 2024 (¥4 Mil) and declined from Jun. 2024 (¥4 Mil) to Sep. 2024 (¥3 Mil).

Ocean's King Lighting Science & Technology 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 (¥6 Mil).

Ocean's King Lighting Science & Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ocean's King Lighting 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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Ocean's King Lighting Science & Technology Co Long-Term Capital Lease Obligation Chart

Ocean's King Lighting 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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1.03

0.42

0.02

6.34

Ocean's King Lighting 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															0.69	6.34	4.91	3.84	3.11

Ocean's King Lighting Science & Technology Co (SZSE:002724) 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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Ocean's King Lighting Science & Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ocean's King Lighting Science & Technology Co Ltd (SZSE:002724) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Gaoxin Road, Ocean's King Science & Technology Tower, No. 1601, Guangming New District, Shenzhen, CHN, 518107

Website

http://www.haiyangwang.com

Ocean's King Lighting Science & Technology Co Ltd is a China-based company providing lighting products. It is engaged in the research, development, manufacture, and supply of innovative and reliable indoor and outdoor lighting solutions. The firm is a supplier of lighting products to transportation, power generation, mining, oil and gas, and petrochemical industries. It offers lighting and control products including fixed explosion-proof lighting, fixed professional lighting, mobile professional lighting, portable explosion-proof lighting, portable professional lighting, detectors, controllers, and gateways. The firm also provides value-added services.

Executives

Huang Xiu Qian	Director
Chen Yan	Directors, executives
Li Cai Fen	Director
Yang Zhi Jie	Directors, executives
Li Fu Ning	Director
Ma Shao Yong	Director
Feng Yuan	Supervisors
Li Ping	Independent director
Chen Shao Feng	Director
Zhou Ming Jie	Directors, executives
Yan Li Rong	Supervisors
Chen Hui	Secretary Dong
Yi Nian Feng	Supervisors

Ocean's King Lighting Science & Technology Co Headlines

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