Shenzhen Kaizhong Precision Technology Co (SZSE:002823) Long-Term Capital Lease Obligation : ¥12 Mil (As of Mar. 2025)

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

Shenzhen Kaizhong Precision Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥12 Mil.

Shenzhen Kaizhong Precision Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥1 Mil) to Dec. 2024 (¥13 Mil) but then declined from Dec. 2024 (¥13 Mil) to Mar. 2025 (¥12 Mil).

Shenzhen Kaizhong Precision Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥16 Mil) to Dec. 2023 (¥14 Mil) and declined from Dec. 2023 (¥14 Mil) to Dec. 2024 (¥13 Mil).

Shenzhen Kaizhong Precision Technology Co Long-Term Capital Lease Obligation Historical Data

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

Shenzhen Kaizhong Precision Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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13.08

15.85

15.66

13.88

12.73

Shenzhen Kaizhong Precision Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															12.32	1.14	0.68	12.73	12.09

Shenzhen Kaizhong Precision Technology Co (SZSE:002823) 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.

Shenzhen Kaizhong Precision Technology Co Long-Term Capital Lease Obligation Related Terms

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Shenzhen Kaizhong Precision Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Kaizhong Precision Technology Co Ltd (SZSE:002823) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Planning 4th Road, Longtian Street, Pingshan District, Guangdong Province, Shenzhen, CHN, 518118

Website

https://www.kaizhong.com

Shenzhen Kaizhong Precision Technology Co Ltd operates in the Chinese commutator industry. The company is specialized in the research and development and production of various types of quality commutators, slip rings, connectors, battery accessories, lightweight parts, high-strength and elastic parts, multi-layer insulated wires and other core precision parts for motor and electrical control system. Its products are widely applied in automotive, aerospace, household appliances, power tools and medical devices.

Executives

Wu Ying	Director
Chen Lei	Executives
Ma Chao Meng	Executives
Wu Qi	Directors, executives
Deng Gui Bing	Executives
Zhang Hao Yu	Directors, executives
Wu Quan Hong	Executives
Yu Xiao Yun	Director

Shenzhen Kaizhong Precision Technology Co Headlines

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