Guangzhou KDT Machinery Co (SZSE:002833) Long-Term Capital Lease Obligation : ¥22 Mil (As of Mar. 2024)

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What is Guangzhou KDT Machinery Co Long-Term Capital Lease Obligation?

Guangzhou KDT Machinery Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥22 Mil.

Guangzhou KDT Machinery Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥28 Mil) to Dec. 2023 (¥24 Mil) and declined from Dec. 2023 (¥24 Mil) to Mar. 2024 (¥22 Mil).

Guangzhou KDT Machinery Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥33 Mil) to Dec. 2022 (¥31 Mil) and declined from Dec. 2022 (¥31 Mil) to Dec. 2023 (¥24 Mil).

Guangzhou KDT Machinery Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangzhou KDT Machinery 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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Guangzhou KDT Machinery Co Long-Term Capital Lease Obligation Chart

Guangzhou KDT Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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41.12

32.71

31.43

23.94

Guangzhou KDT Machinery 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															29.85	30.31	28.13	23.94	22.01

Guangzhou KDT Machinery Co (SZSE:002833) 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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Guangzhou KDT Machinery Co (SZSE:002833) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangzhou KDT Machinery Co Ltd (SZSE:002833) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Yunkai Road, Yunpu Industrial Park, Luogang District, Guangzhou, CHN, 510530

Website

http://www.kdtmac.com

Guangzhou KDT Machinery Co Ltd is a manufacturing company. It manufactures and sells products including edge bander, panel saw, boring machine and among others.

Executives

Chen Da Jiang	Directors, executives
Li Mao Hong	Directors, executives
Liu Feng Hua	Directors, executives
Liu Yu Hua	Director
	Directors, executives
Xu Li Jun	Directors, executives
Xu Ming	Supervisors
Wu Hai Yang	Supervisors
Huang Xu	Director
Yan Fu Hai	Securities Affairs Representative
Mo Chen Xiao	Directors, executives

Guangzhou KDT Machinery Co (SZSE:002833) Headlines

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