Shenzhen Microgate Technology Co (SZSE:300319) Long-Term Capital Lease Obligation : ¥12 Mil (As of Mar. 2024)

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

Shenzhen Microgate Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥12 Mil.

Shenzhen Microgate Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥23 Mil) to Dec. 2023 (¥15 Mil) and declined from Dec. 2023 (¥15 Mil) to Mar. 2024 (¥12 Mil).

Shenzhen Microgate Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥30 Mil) to Dec. 2022 (¥37 Mil) but then declined from Dec. 2022 (¥37 Mil) to Dec. 2023 (¥15 Mil).

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

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

Shenzhen Microgate Technology Co Annual Data

Trend

Dec14

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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34.03

29.90

36.86

14.53

Shenzhen Microgate Technology 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															40.75	34.22	22.87	14.53	12.07

Shenzhen Microgate Technology Co (SZSE:300319) 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 Microgate Technology Co (SZSE:300319) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Microgate Technology Co Ltd (SZSE:300319) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Yuxing Road,GolfStreet, Guanlan Town, Bao'an, Shenzhen, CHN, 518110

Website

http://www.szmicrogate.com

Shenzhen Microgate Technology Co Ltd operates in the multilayer passive component industry. The company develops and manufactures electronic components. Its main products include low temperature co-fired ceramic radio frequency components, chip inductors, electromagnetic interference and electromagnetic compatibility components, power inductors, and the near-field communication antenna. The products are widely used in the digital versatile disc player, mobile phone, personal computer, flat panel display, car carrier and other consumptive products.

Executives

Cheng Hou Bo	Director
Hu Gen Chang	Executives
Zhang Mei Rong	Directors, executives
Jiang Bo	Secretary Dong
Zhang Zhao Qian	Directors, executives
Liang Qi Xin	Executives
Zhong Zhi Hai	Directors, executives
Yi Hai Lan	Supervisors
Liu Qian	Securities Affairs Representative
Li Wen Yan	Director
Ye Wen Xin	Director
Jiang Li Ming	Directors, executives
Zhang Hai En	Director
Li Ming	Director
Zheng Yi Song	Director

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