YingTong Telecommunication Co (SZSE:002861) Long-Term Capital Lease Obligation : ¥3.4 Mil (As of Mar. 2024)

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What is YingTong Telecommunication Co Long-Term Capital Lease Obligation?

YingTong Telecommunication Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3.4 Mil.

YingTong Telecommunication Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥5.7 Mil) to Dec. 2023 (¥4.3 Mil) and declined from Dec. 2023 (¥4.3 Mil) to Mar. 2024 (¥3.4 Mil).

YingTong Telecommunication Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥15.1 Mil) to Dec. 2022 (¥11.0 Mil) and declined from Dec. 2022 (¥11.0 Mil) to Dec. 2023 (¥4.3 Mil).

YingTong Telecommunication Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for YingTong Telecommunication 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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YingTong Telecommunication Co Long-Term Capital Lease Obligation Chart

YingTong Telecommunication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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20.19

15.14

11.02

4.27

YingTong Telecommunication 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															10.13	9.20	5.75	4.27	3.38

YingTong Telecommunication Co (SZSE:002861) 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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YingTong Telecommunication Co (SZSE:002861) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » YingTong Telecommunication Co Ltd (SZSE:002861) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Xinta Community, Economic Development Zone, Tongcheng County, Hubei Province, Lishui, CHN, 437400

Website

http://www.yingtong-wire.com

YingTong Telecommunication Co Ltd, formerly Hubei Yingtong Telecommunication Cable Co Ltd is a Chinese company engaged in offering solutions in the field of communication wire and electro-acoustic products. It is engaged in the research and development, production and sales of earphone wire, data cable, semi-finished earphone, earphone finished product, and smart wearables.

Executives

Zuo Gui Ming	Director
Huang Hui	Directors, executives
Wu Zhong Jia	Executives
Xiao Jin Ming	Director
Zuo Sun E	Director

YingTong Telecommunication Co (SZSE:002861) Headlines

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