Shenzhen King Explorer Science And Technology (SZSE:002917) Long-Term Capital Lease Obligation : ¥10 Mil (As of Mar. 2024)

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What is Shenzhen King Explorer Science And Technology Long-Term Capital Lease Obligation?

Shenzhen King Explorer Science And Technology's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10 Mil.

Shenzhen King Explorer Science And Technology's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥16 Mil) to Dec. 2023 (¥9 Mil) but then increased from Dec. 2023 (¥9 Mil) to Mar. 2024 (¥10 Mil).

Shenzhen King Explorer Science And Technology's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥11 Mil) to Dec. 2022 (¥9 Mil) and declined from Dec. 2022 (¥9 Mil) to Dec. 2023 (¥9 Mil).

Shenzhen King Explorer Science And Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shenzhen King Explorer Science And Technology'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 King Explorer Science And Technology Long-Term Capital Lease Obligation Chart

Shenzhen King Explorer Science And Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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14.11

11.20

9.37

8.88

Shenzhen King Explorer Science And Technology 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															12.42	13.68	15.60	8.88	9.84

Shenzhen King Explorer Science And Technology (SZSE:002917) 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 King Explorer Science And Technology Long-Term Capital Lease Obligation Related Terms

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Shenzhen King Explorer Science And Technology (SZSE:002917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen King Explorer Science And Technology Corp (SZSE:002917) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room No. 3, Building R2-A, Nanshan High-Tech Industrial Park, South Area, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.kingexplorer.com

Shenzhen King Explorer Science And Technology Corp engages in the research, development, design, manufacture, and sale of intelligent equipment systems to civil explosive production companies and blasting service companies in the People's Republic of China and internationally. It offers industrial explosive and detonator production lines, mobile and ground bulk emulsion modules, bulk trucks for emulsion, portable underground charging units, and underground chargers. The products of the company include Industrial Explosives Dynamic Monitoring System, Anti-Explosion Products and Special Equipment for Explosives Production.

Executives

Ming Jing Gu	Director
Li Hui	Supervisors
Zhou Xiao Xi	Executives

Shenzhen King Explorer Science And Technology (SZSE:002917) Headlines

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