Chutian Dragon Co (SZSE:003040) Long-Term Capital Lease Obligation : ¥3 Mil (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Chutian Dragon Co Long-Term Capital Lease Obligation?

Chutian Dragon Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil.

Chutian Dragon Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥6 Mil) to Dec. 2023 (¥4 Mil) and declined from Dec. 2023 (¥4 Mil) to Mar. 2024 (¥3 Mil).

Chutian Dragon Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥10 Mil) to Dec. 2022 (¥8 Mil) and declined from Dec. 2022 (¥8 Mil) to Dec. 2023 (¥4 Mil).

Chutian Dragon Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chutian Dragon 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.

* Premium members only.

Chutian Dragon Co Long-Term Capital Lease Obligation Chart

Chutian Dragon Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

12.05

10.43

8.43

4.14

Chutian Dragon Co Quarterly Data
	Dec17	Dec18	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															6.22	2.57	5.54	4.14	2.91

Chutian Dragon Co (SZSE:003040) 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.

Chutian Dragon Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Chutian Dragon Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Chutian Dragon Co (SZSE:003040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Chutian Dragon Co Ltd (SZSE:003040) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yifa Industrial Zone, Zhuweitian, Fenggang Town, Guangdong Province, Dongguan, CHN, 523697

Website

http://www.ctdcn.com

Chutian Dragon Co Ltd is mainly engaged in the design, research and development, production, sales and service of smart cards. The main products are financial IC cards represented by financial social security cards and standard bank IC cards, and non-financial IC cards represented by communication cards and transportation cards. It has a wide range of customers and important influence in social security, finance, communications, transportation, medical, education and other industries.

Chutian Dragon Co (SZSE:003040) Headlines

No Headlines