Beijing Beimo High Tech Frictional Material Co (SZSE:002985) Long-Term Capital Lease Obligation : ¥45.7 Mil (As of Mar. 2024)

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What is Beijing Beimo High Tech Frictional Material Co Long-Term Capital Lease Obligation?

Beijing Beimo High Tech Frictional Material Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥45.7 Mil.

Beijing Beimo High Tech Frictional Material Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥52.0 Mil) to Dec. 2023 (¥41.6 Mil) but then increased from Dec. 2023 (¥41.6 Mil) to Mar. 2024 (¥45.7 Mil).

Beijing Beimo High Tech Frictional Material Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥22.9 Mil) to Dec. 2022 (¥53.3 Mil) but then declined from Dec. 2022 (¥53.3 Mil) to Dec. 2023 (¥41.6 Mil).

Beijing Beimo High Tech Frictional Material Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Beijing Beimo High Tech Frictional Material 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 Beimo High Tech Frictional Material Co Long-Term Capital Lease Obligation Chart

Beijing Beimo High Tech Frictional Material Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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22.90

53.29

41.58

Beijing Beimo High Tech Frictional Material 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															51.43	46.95	51.95	41.58	45.66

Beijing Beimo High Tech Frictional Material Co (SZSE:002985) 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 Beimo High Tech Frictional Material Co (SZSE:002985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Beijing Beimo High Tech Frictional Material Co Ltd (SZSE:002985) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shahe Town, Changping District, High-tech Park, Zhengding County, North District, Hebei Province, Beijing, CHN, 102206

Website

http://www.bjgk.com

Beijing Beimo High Tech Frictional Material Co Ltd formerly Beijing Bei Mo Gao Ke Friction Material Co Ltd is engaged in production and sales of high-end equipment and brake products for military and civilian aerospace vehicle landing gear landing systems, tank armored vehicles, high-speed trains and other high-end equipment. The company's products include brake wheels, brake system, aircraft landing gear.

Executives

Zheng Dan	Directors, executives
Chen Jian Feng	Directors, executives
Wang Shu Min	Director
Liu Yang	Directors, executives
Yan Rong Xin	Supervisors
Xia Qing Song	Supervisors
Zhang Qiu Lai	Supervisors
Li Rong Li	Executives

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