Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) Long-Term Capital Lease Obligation : ¥2 Mil (As of Mar. 2024)

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What is Jiangsu Tongguang Electronic Wire and Cable Co Long-Term Capital Lease Obligation?

Jiangsu Tongguang Electronic Wire and Cable Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2 Mil.

Jiangsu Tongguang Electronic Wire and Cable Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0 Mil) to Dec. 2023 (¥0 Mil) and increased from Dec. 2023 (¥0 Mil) to Mar. 2024 (¥2 Mil).

Jiangsu Tongguang Electronic Wire and Cable Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥2 Mil) to Dec. 2022 (¥0 Mil) but then increased from Dec. 2022 (¥0 Mil) to Dec. 2023 (¥0 Mil).

Jiangsu Tongguang Electronic Wire and Cable Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiangsu Tongguang Electronic Wire and Cable 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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Jiangsu Tongguang Electronic Wire and Cable Co Long-Term Capital Lease Obligation Chart

Jiangsu Tongguang Electronic Wire and Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.78

2.25

0.26

Jiangsu Tongguang Electronic Wire and Cable 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															-	-	-	0.26	2.42

Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) 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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Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Tongguang Electronic Wire and Cable Co Ltd (SZSE:300265) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.169, Bohai Road, Jiangsu, Haimen, CHN, 226103

Website

http://www.tgjt.cn

Jiangsu Tongguang Electronic Wire and Cable Co Ltd is engaged in the production and sales of semiconductor chips, optical active, passive components, and electrical wires. The products of the company include power cable series, energy saving series, electronic cable series, and aluminium clad steel wire series.

Executives

Xue Wan Jian	Executives
Tang Zheng Guo	Independent director
Dai Qing	Director
Zhang Shu Qin	Supervisors
Jiang Yong Wei	Director
Wang Xu Guang	Directors, executives
Chen Jian Xu	Executives
Zhang Zhong	Director
Zhang Jian Ming	Supervisors
Xu Xue Ping	Supervisors

Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) Headlines

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