Shenzhen InfoTech Technologies Co (SZSE:300085) Long-Term Capital Lease Obligation : ¥3.0 Mil (As of Mar. 2024)

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What is Shenzhen InfoTech Technologies Co Long-Term Capital Lease Obligation?

Shenzhen InfoTech Technologies Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3.0 Mil.

Shenzhen InfoTech Technologies Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥4.5 Mil) to Dec. 2023 (¥3.3 Mil) and declined from Dec. 2023 (¥3.3 Mil) to Mar. 2024 (¥3.0 Mil).

Shenzhen InfoTech Technologies Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥6.9 Mil) to Dec. 2022 (¥3.6 Mil) and declined from Dec. 2022 (¥3.6 Mil) to Dec. 2023 (¥3.3 Mil).

Shenzhen InfoTech Technologies Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shenzhen InfoTech Technologies 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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Shenzhen InfoTech Technologies Co Long-Term Capital Lease Obligation Chart

Shenzhen InfoTech Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.45

6.89

3.60

3.30

Shenzhen InfoTech Technologies 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															6.40	5.83	4.46	3.30	2.97

Shenzhen InfoTech Technologies Co (SZSE:300085) 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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Shenzhen InfoTech Technologies Co (SZSE:300085) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen InfoTech Technologies Co Ltd (SZSE:300085) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shenzhen Tian An Cyber Park, Tianxiang Building Block 5B2 AB, Futian District, Shenzhen, CHN, 518048

Website

http://www.yinzhijie.com

Shenzhen InfoTech Technologies Co Ltd is focused on the financial information industry, providing software products, software development, financial special equipment and technical services to financial institutions such as banks. The company's product line covers bank payment and settlement, risk prevention and control, process re-engineering and self-help.

Executives

Li Jun	Directors, executives
Feng Jun	Director
Chen Xiang Jun	Director
He Ye	Director
He Jian	Independent director
Zhang Xue Jun	Director
Zhou Feng	Supervisors
Xu Qiu Jiang	Executives
Liu Yi	Directors, executives
Yang Jin Min	Supervisors
Tang Jin Xing	Executives
Peng Jian Wen	Executives

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