Xinjiang Machinery Research Institute Co (SZSE:300159) Long-Term Capital Lease Obligation : ¥28 Mil (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Xinjiang Machinery Research Institute Co Long-Term Capital Lease Obligation?

Xinjiang Machinery Research Institute Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥28 Mil.

Xinjiang Machinery Research Institute Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥7 Mil) to Dec. 2023 (¥30 Mil) but then declined from Dec. 2023 (¥30 Mil) to Mar. 2024 (¥28 Mil).

Xinjiang Machinery Research Institute Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥22 Mil) to Dec. 2022 (¥7 Mil) but then increased from Dec. 2022 (¥7 Mil) to Dec. 2023 (¥30 Mil).

Xinjiang Machinery Research Institute Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xinjiang Machinery Research Institute 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.

Xinjiang Machinery Research Institute Co Long-Term Capital Lease Obligation Chart

Xinjiang Machinery Research Institute Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

18.61

21.79

7.06

30.18

Xinjiang Machinery Research Institute 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															7.08	6.72	6.83	30.18	28.40

Xinjiang Machinery Research Institute Co (SZSE:300159) 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.

Xinjiang Machinery Research Institute Co Long-Term Capital Lease Obligation Related Terms

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

Xinjiang Machinery Research Institute Co (SZSE:300159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Xinjiang Machinery Research Institute Co Ltd (SZSE:300159) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Xinjiang 239, Beijing Road, Urumqi, Beijing, CHN, 830,013

Website

http://www.xjjxy.com.cn

Xinjiang Machinery Research Institute Co Ltd is engaged in the research, design, manufacture, and sale of agricultural and livestock machinery. The company specializes in medium and high-end agricultural and animal husbandry machinery products. The main products include series wheeled tractors, farming machinery, large self-propelled grain harvester family, self-propelled corn harvester series, straw forage harvester series, cash crop harvesting machine, and fruit machine.

Executives

Wu Yang	Directors, executives
Zhou Wei Hua	Director
Feng Guo Xiang	Supervisors
Yang Li Jun	Director
Jiang Ren Xi	Executives
Wang Xiao Yu	Executives
Mao Shan Yi	Supervisors
Li Ji Lan	Executives
Jin Fan	Executives
Si Wen Feng	Director
A Li Mu Mai Mai Ti Tu Er Xun	Supervisors
Wang Jian Jun	Directors, Directors, and Executives
Li Li	Director

Xinjiang Machinery Research Institute Co (SZSE:300159) Headlines

No Headlines