Shenzhen Inovance Technology Co (SZSE:300124) Long-Term Capital Lease Obligation : ¥225 Mil (As of Mar. 2025)

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What is Shenzhen Inovance Technology Co Long-Term Capital Lease Obligation?

Shenzhen Inovance Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥225 Mil.

Shenzhen Inovance Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥89 Mil) to Dec. 2024 (¥147 Mil) and increased from Dec. 2024 (¥147 Mil) to Mar. 2025 (¥225 Mil).

Shenzhen Inovance Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥90 Mil) to Dec. 2023 (¥87 Mil) but then increased from Dec. 2023 (¥87 Mil) to Dec. 2024 (¥147 Mil).

Shenzhen Inovance Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shenzhen Inovance Technology 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 Inovance Technology Co Long-Term Capital Lease Obligation Chart

Shenzhen Inovance Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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16.32

18.01

90.01

86.63

146.67

Shenzhen Inovance Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															87.32	80.25	89.24	146.67	225.10

Shenzhen Inovance Technology Co (SZSE:300124) 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 Inovance Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Inovance Technology Co Ltd (SZSE:300124) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

High-tech Industrial Park, Guanlan Street, Huichuan Technology Headquarters Building, Longhua New District, Guangdong, Shenzhen, CHN, 518110

Website

https://www.inovance.com

Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives—also known as inverters—servo systems, sensors, interfaces and motor controllers. Inovance employs almost 23,000 staff, including over 5,500 research and development engineers. Almost 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou; these major offices are supported by over 10 branches across China.

Executives

Liu Ying Xin	Executives
Bai Zi Ping	Supervisors
Zhu Xing Ming	Directors, executives
Ding Long Shan	Supervisors
Song Jun En	Directors, Directors, and Executives
Zhao Jin Rong	Director
Li Jun Tian	Directors, executives
Wang Wei	Director
Li Rui Lin	Executives
Yi Gao Xiang	Executives
Shao Hai Bo	Executives
Yang Chun Lu	Executives
Wu Ni Ni	Securities Affairs Representative
Zhou Bin	Directors, executives
Yao Bing	Executives

Shenzhen Inovance Technology Co Headlines

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