Shenzhen Roadrover Technology Co (SZSE:002813) Long-Term Capital Lease Obligation : ¥9.5 Mil (As of Mar. 2024)

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What is Shenzhen Roadrover Technology Co Long-Term Capital Lease Obligation?

Shenzhen Roadrover Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9.5 Mil.

Shenzhen Roadrover Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥7.8 Mil) to Dec. 2023 (¥10.6 Mil) but then declined from Dec. 2023 (¥10.6 Mil) to Mar. 2024 (¥9.5 Mil).

Shenzhen Roadrover Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥12.6 Mil) to Dec. 2022 (¥10.0 Mil) but then increased from Dec. 2022 (¥10.0 Mil) to Dec. 2023 (¥10.6 Mil).

Shenzhen Roadrover Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shenzhen Roadrover 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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Shenzhen Roadrover Technology Co Long-Term Capital Lease Obligation Chart

Shenzhen Roadrover Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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36.99

12.63

10.04

10.61

Shenzhen Roadrover Technology 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															9.31	8.57	7.83	10.61	9.54

Shenzhen Roadrover Technology Co (SZSE:002813) 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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Shenzhen Roadrover Technology Co (SZSE:002813) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shenzhen Roadrover Technology Co Ltd (SZSE:002813) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.11, Haitian First Road, 9F, Block C, No.5 Building, Software Industrial Base, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.roadrover.cn

Shenzhen Roadrover Technology Co Ltd is an automotive electronics solution supplier. It primarily focuses on design, manufacture and distribution of car multimedia navigation system. The company provides car informatization, intelligent integrated service and intelligent travel solutions. Its other products include car audio solutions, smart seating system, power tailgate system and digital multifunctional instrument panel.

Executives

Peng Nan	Director
Chen Shou Feng	Supervisors
Yang Cheng Song	Supervisors
Zhu Yu Guang	Executives
Zhang Zong Tao	Director
Jiang Fu Cai	Directors, executives
Hu Jin Min	Executives

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