Dianguang Explosion-proof Technology Co (SZSE:002730) Long-Term Capital Lease Obligation : ¥0 Mil (As of Mar. 2024)

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What is Dianguang Explosion-proof Technology Co Long-Term Capital Lease Obligation?

Dianguang Explosion-proof Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil.

Dianguang Explosion-proof Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥1 Mil) to Dec. 2022 (¥0 Mil) but then stayed the same from Dec. 2022 (¥0 Mil) to Dec. 2023 (¥0 Mil).

Dianguang Explosion-proof Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Dianguang Explosion-proof 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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Dianguang Explosion-proof Technology Co Long-Term Capital Lease Obligation Chart

Dianguang Explosion-proof Technology Co Annual Data

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Long-Term Capital Lease Obligation

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Dianguang Explosion-proof Technology Co Quarterly Data
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Dianguang Explosion-proof Technology Co (SZSE:002730) 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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Dianguang Explosion-proof Technology Co (SZSE:002730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dianguang Explosion-proof Technology Co Ltd (SZSE:002730) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Road Wei 5th, Yueqing Economic Development District, Zhejiang Province, Wenzhou, CHN, 325600

Website

http://www.dianguang.com

Dianguang Explosion-proof Technology Co Ltd is a China-based explosion protection electrical appliance manufacturer. The company is engaged in the research and development, production, sales, and services of explosion protection electrical appliances. Its product offerings include weatherproof manipulator, explosion protection metal halide lamp, explosion protection floodlight, mining explosion-proof cap lamp, H.V. vacuum breaker, weatherproof distribution box, explosion protection luminescent lighting, explosion protection connection chamber, mining explosion-proof movable substation, among others. Its products are used in coal mine, hazardous zone, marine solutions, weatherproof and application sectors.

Executives

Shi Peng	Director
Shi Long	Director
Shi Xiao Xia	Director
Shi Sui Biao	Director
Zhu Dan	Supervisors
Wu Feng Tao	Independent director

Dianguang Explosion-proof Technology Co (SZSE:002730) Headlines

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