Feitian Technologies Co (SZSE:300386) Long-Term Capital Lease Obligation : ¥6.3 Mil (As of Sep. 2024)

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What is Feitian Technologies Co Long-Term Capital Lease Obligation?

Feitian Technologies Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥6.3 Mil.

Feitian Technologies Co's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (¥6.3 Mil) to Jun. 2024 (¥8.8 Mil) but then declined from Jun. 2024 (¥8.8 Mil) to Sep. 2024 (¥6.3 Mil).

Feitian Technologies Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥17.6 Mil) to Dec. 2022 (¥16.0 Mil) and declined from Dec. 2022 (¥16.0 Mil) to Dec. 2023 (¥9.6 Mil).

Feitian Technologies Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Feitian Technologies 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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Feitian Technologies Co Long-Term Capital Lease Obligation Chart

Feitian Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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28.05

17.57

15.96

9.58

Feitian Technologies Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9.98	9.58	6.30	8.84	6.29

Feitian Technologies Co (SZSE:300386) 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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Feitian Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Feitian Technologies Co Ltd (SZSE:300386) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No.9 Xueqing Road, 17th Floor, Building B, Huizhi Building, Haidian District, Beijing, CHN, 100085

Website

http://www.ftsafe.com

Feitian Technologies Co Ltd is a supplier of user authentication and transaction security for China Online Banking. The company offers public key infrastructure authentication tokens, one time password tokens, software protection dongles, contact and contactless smart card readers. It also provides turnkey solutions like secure hardware, operating systems, middleware, software application, and services such as personalization and remote lifecycle management. The company's customers include financial institution, telecom, government and business enterprises. Its product lines feature contact and contactless smart cards, EMV chip cards, payment terminals, and user authentication solutions for secure online banking and transaction security.

Executives

Lu Zhou	Directors, executives
Li Wei	Directors, executives
Yu Hua Zhang	Executives
Huang Yu	Director
Han Xue Feng	Directors, executives
Li Qi	Independent director
Yan Yan	Executives

Feitian Technologies Co Headlines

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