BeiJing StarNeto Technology Co (SZSE:002829) Long-Term Capital Lease Obligation : ¥52.9 Mil (As of Mar. 2024)

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What is BeiJing StarNeto Technology Co Long-Term Capital Lease Obligation?

BeiJing StarNeto Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥52.9 Mil.

BeiJing StarNeto Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥55.7 Mil) to Dec. 2023 (¥54.3 Mil) and declined from Dec. 2023 (¥54.3 Mil) to Mar. 2024 (¥52.9 Mil).

BeiJing StarNeto Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0.6 Mil) to Dec. 2022 (¥59.8 Mil) but then declined from Dec. 2022 (¥59.8 Mil) to Dec. 2023 (¥54.3 Mil).

BeiJing StarNeto Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for BeiJing StarNeto 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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BeiJing StarNeto Technology Co Long-Term Capital Lease Obligation Chart

BeiJing StarNeto Technology Co Annual Data

Trend

Dec14

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Dec16

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Dec18

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.52

0.58

59.77

54.29

BeiJing StarNeto 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															59.77	57.05	55.65	54.29	52.88

BeiJing StarNeto Technology Co (SZSE:002829) 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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BeiJing StarNeto Technology Co (SZSE:002829) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BeiJing StarNeto Technology Co Ltd (SZSE:002829) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 2, Lancangchang East Road, Unit 5, Building 4, Building 2, Haidian District, Beijing, CHN, 100097

Website

http://www.starneto.com

BeiJing StarNeto Technology Co Ltd is focused on inertial technology development and industrial application. The principal business activities include research and development, production and sales of inertial integrated navigation, inertial measurement, inertial stability control products. Its product range includes high precision satellite positioning and orientation products, fiber and laser inertial navigation products, tilt sensors, inertial measurement units, photoelectric pods, photoelectric forensics systems, infrared thermal imagers, smart driving test products and radar products such as wireless communication systems, conventional radar systems and miss distance measurement radars.

Executives

Wang Chao	Executives
Chi Jia Sheng	Director
Xu Ye Feng	Directors, executives
Li Guo Sheng	Director
Zhang You Liang	Supervisors
Li Xue Qin	Supervisors
Li Yan Zhuo	Supervisors
Shang Xiu Lei	Supervisors
Huang Jing Chao	Securities Affairs Representative

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