Zhejiang Yonggui Electric Equipment Co (SZSE:300351) Long-Term Capital Lease Obligation : ¥6 Mil (As of Mar. 2024)

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What is Zhejiang Yonggui Electric Equipment Co Long-Term Capital Lease Obligation?

Zhejiang Yonggui Electric Equipment Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6 Mil.

Zhejiang Yonggui Electric Equipment Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥2 Mil) to Dec. 2023 (¥6 Mil) and increased from Dec. 2023 (¥6 Mil) to Mar. 2024 (¥6 Mil).

Zhejiang Yonggui Electric Equipment Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥6 Mil) to Dec. 2022 (¥4 Mil) but then increased from Dec. 2022 (¥4 Mil) to Dec. 2023 (¥6 Mil).

Zhejiang Yonggui Electric Equipment Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Yonggui Electric Equipment 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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Zhejiang Yonggui Electric Equipment Co Long-Term Capital Lease Obligation Chart

Zhejiang Yonggui Electric Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.14

6.09

4.21

5.59

Zhejiang Yonggui Electric Equipment 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															3.98	3.15	2.36	5.59	6.32

Zhejiang Yonggui Electric Equipment Co (SZSE:300351) 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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Zhejiang Yonggui Electric Equipment Co (SZSE:300351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Yonggui Electric Equipment Co Ltd (SZSE:300351) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 5, Dongyuan Road, Western Industrial Park, Baihe Town, Taizhou, Tiantai, CHN, 317201

Website

http://en.yonggui.com

Zhejiang Yonggui Electric Equipment Co Ltd is engaged in manufacturing connectors used in railways and other vehicle. Its products include circular connector, locomotive connector, wind connector, and electric vehicle connector.

Executives

Fan Yong Gui	Director
Zhou Ting Ping	Executives
Tu Hai Wen	Director
Yang Run Li	Supervisors
Xiao Hong Ying	Independent director
Fan Zheng Jun	Directors, executives
Yu Wen Zhen	Secretary Dong
Li Yun Ming	Director
Lu Su Zhen	Executives
Jia Fei Long	Director, Securities Affairs Representative

Zhejiang Yonggui Electric Equipment Co (SZSE:300351) Headlines

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