Jinlong Machinery & Electronic Co (SZSE:300032) Long-Term Capital Lease Obligation : ¥163 Mil (As of Mar. 2024)

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What is Jinlong Machinery & Electronic Co Long-Term Capital Lease Obligation?

Jinlong Machinery & Electronic Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥163 Mil.

Jinlong Machinery & Electronic Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥207 Mil) to Dec. 2023 (¥199 Mil) and declined from Dec. 2023 (¥199 Mil) to Mar. 2024 (¥163 Mil).

Jinlong Machinery & Electronic Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥242 Mil) to Dec. 2022 (¥207 Mil) and declined from Dec. 2022 (¥207 Mil) to Dec. 2023 (¥199 Mil).

Jinlong Machinery & Electronic Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jinlong Machinery & Electronic 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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Jinlong Machinery & Electronic Co Long-Term Capital Lease Obligation Chart

Jinlong Machinery & Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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231.07

242.12

207.05

199.48

Jinlong Machinery & Electronic 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															202.93	198.80	207.24	199.48	163.20

Jinlong Machinery & Electronic Co (SZSE:300032) 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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Jinlong Machinery & Electronic Co (SZSE:300032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jinlong Machinery & Electronic Co Ltd (SZSE:300032) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Jinlong Science & Technology Park, Jin Gang Avenue, Baixiang, Yueqing (Wenzhou), CHN, 325603

Website

http://www.kotl.com.cn

Jinlong Machinery & Electronic Co Ltd engaged in electrical machinery and equipment manufacturing. The products of the company include motors, coin type vibrator, and solid motors.

Executives

Dai Ming Feng	Director
Jin Shao Ping	Director
Chen Jing Hua	Supervisors
Huang Juan	Directors, Directors, and Executives
Jin Mei Ou	Directors, executives
Chen Yu Qiang	Executives
Huang Yong Xian	Directors, executives

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