Huizhou Speed Wireless Technology Co (SZSE:300322) Long-Term Capital Lease Obligation : ¥13 Mil (As of Mar. 2024)

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What is Huizhou Speed Wireless Technology Co Long-Term Capital Lease Obligation?

Huizhou Speed Wireless Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥13 Mil.

Huizhou Speed Wireless Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥13 Mil) to Dec. 2023 (¥15 Mil) but then declined from Dec. 2023 (¥15 Mil) to Mar. 2024 (¥13 Mil).

Huizhou Speed Wireless Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥15 Mil) to Dec. 2022 (¥18 Mil) but then declined from Dec. 2022 (¥18 Mil) to Dec. 2023 (¥15 Mil).

Huizhou Speed Wireless Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Huizhou Speed Wireless 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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Huizhou Speed Wireless Technology Co Long-Term Capital Lease Obligation Chart

Huizhou Speed Wireless Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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18.64

15.31

17.87

14.90

Huizhou Speed Wireless 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															13.40	10.60	12.87	14.90	13.09

Huizhou Speed Wireless Technology Co (SZSE:300322) 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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Huizhou Speed Wireless Technology Co (SZSE:300322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Huizhou Speed Wireless Technology Co Ltd (SZSE:300322) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

SX-01-02, Shangxia Section, Hi-tech District of East-river, Guangdong, Huizhou, CHN, 516255

Website

http://www.speed-hz.com

Huizhou Speed Wireless Technology Co Ltd is a manufacturer of wireless communication antennas and intelligent terminal product components. The product range consists of precision molds, plastic and metal structure, wireless charging products, fingerprint sensor module, and semiconductor packaging and testing, advanced intelligent test fixture and equipment. The products are mainly used in mobile phones, tablets, wearable devices, notebook computers, automobiles, unmanned aerial vehicles, security monitoring and other fields.

Executives

Wen Qiao Fu	Directors, executives
Yu Bin	Directors, executives
Zhu Xu Dong	Director
Yang Qiang	Executives
Zhu Kun Hua	Director
Zhang Hai Ying	Executives
Huang Gang	Executives
Zhu Xu Hua	Supervisors
Zhong Zhu Peng	Supervisors
Li Bin	Directors, executives
Lin Sheng Zhong	Director
Huang Yi Hang	Securities Affairs Representative
Sun Wen Ke	Secretary Dong
Wang Hai Bo	Executives
Zhang Qin Yu	Independent director

Huizhou Speed Wireless Technology Co (SZSE:300322) Headlines

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