Sichuan Shudao Equipment and Technology Co (SZSE:300540) Long-Term Capital Lease Obligation : ¥5.2 Mil (As of Sep. 2024)

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What is Sichuan Shudao Equipment and Technology Co Long-Term Capital Lease Obligation?

Sichuan Shudao Equipment and Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥5.2 Mil.

Sichuan Shudao Equipment and Technology Co's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (¥4.9 Mil) to Jun. 2024 (¥5.2 Mil) but then stayed the same from Jun. 2024 (¥5.2 Mil) to Sep. 2024 (¥5.2 Mil).

Sichuan Shudao Equipment and Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0.1 Mil) to Dec. 2022 (¥5.2 Mil) but then declined from Dec. 2022 (¥5.2 Mil) to Dec. 2023 (¥5.0 Mil).

Sichuan Shudao Equipment and Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sichuan Shudao Equipment and 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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Sichuan Shudao Equipment and Technology Co Long-Term Capital Lease Obligation Chart

Sichuan Shudao Equipment and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.17

0.09

5.19

4.97

Sichuan Shudao Equipment and Technology 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															7.76	4.97	4.87	5.19	5.19

Sichuan Shudao Equipment and Technology Co (SZSE:300540) 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.

Sichuan Shudao Equipment and Technology Co Long-Term Capital Lease Obligation Related Terms

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Sichuan Shudao Equipment and Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sichuan Shudao Equipment and Technology Co Ltd (SZSE:300540) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 569, Tongshanqiao Road, North Area of ??Modern Industrial Port, Pidu District, Sichuan Province, Chengdu, CHN, 611743

Website

http://www.shudaozb.com

Sichuan Shudao Equipment and Technology Co Ltd R&D, production, and sales of LNG liquefaction equipment, liquid air separation equipment, and cryogenic liquid storage and transportation. It is a joint-stock enterprise that focuses on equipment and is committed to the development and application of new energy and energy-saving technologies, as well as the research and development and manufacture of transportation equipment. Its products and services include Cryogenic technology equipment manufacturing services, Energy Equipment Manufacturing Services, Transportation Equipment Manufacturing Services, and Gas and clean energy investment operations.

Executives

Wen Xiang Nan	Executives
Zhang Jian Hua	Executives
Ma Ji Gang	Directors, executives
Liu Ying Guo	Supervisors
Cheng Yuan	Director
Xiao Hui He	Director
Huang Su	Supervisors
Xia Zhi Hui	Supervisors
Cui Zhi Xiang	Directors, executives

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