Wuxi Hodgen Technology Co (SZSE:300279) Long-Term Capital Lease Obligation : ¥9 Mil (As of Jun. 2024)

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What is Wuxi Hodgen Technology Co Long-Term Capital Lease Obligation?

Wuxi Hodgen Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥9 Mil.

Wuxi Hodgen Technology Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (¥0 Mil) to Mar. 2024 (¥0 Mil) but then increased from Mar. 2024 (¥0 Mil) to Jun. 2024 (¥9 Mil).

Wuxi Hodgen Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥1 Mil) to Dec. 2022 (¥1 Mil) and declined from Dec. 2022 (¥1 Mil) to Dec. 2023 (¥0 Mil).

Wuxi Hodgen Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wuxi Hodgen 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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Wuxi Hodgen Technology Co Long-Term Capital Lease Obligation Chart

Wuxi Hodgen Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.85

0.82

0.43

Wuxi Hodgen Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.43	0.43	0.43	0.06	9.36

Wuxi Hodgen Technology Co (SZSE:300279) 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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Wuxi Hodgen Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wuxi Hodgen Technology Co Ltd (SZSE:300279) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 177, Changjiang East Road, Wuxi New District, Jiangsu Province, Wuxi, CHN, 214145

Website

http://www.hodgen-china.com

Wuxi Hodgen Technology Co Ltd is an electrical machinery and equipment manufacturing company. It is organized into four business segments: the Hejingzhi Manufacturing segment is engaged in the research, development, manufacture and sale of white goods and intelligent hardware. The System Integration segment provides information services for various enterprises and institutions in the government, education and other industries. The Interactive Data segment serves the broadcasting and television system, the main source of income is access network equipment and intelligent terminals. The Internet Education segment provides a cloud platform for preschool education.

Executives

Gu Qun	Directors, executives
Xu Hong Bin	Directors, executives
Wang Jin	Executives
Chen Bai Lin	Director
Zhou Wei Li	Supervisors
Wang Da Peng	Executives
Qiu Xiao Bin	Directors, executives
Ying Yan Ping	Supervisors
Zhang Chen Yang	Director

Wuxi Hodgen Technology Co Headlines

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