Shenzhen S.C New Energy Technology (SZSE:300724) Long-Term Capital Lease Obligation : ¥4 Mil (As of Mar. 2024)

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What is Shenzhen S.C New Energy Technology Long-Term Capital Lease Obligation?

Shenzhen S.C New Energy Technology's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4 Mil.

Shenzhen S.C New Energy Technology's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥12 Mil) to Dec. 2023 (¥9 Mil) and declined from Dec. 2023 (¥9 Mil) to Mar. 2024 (¥4 Mil).

Shenzhen S.C New Energy Technology's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥2 Mil) to Dec. 2022 (¥1 Mil) but then increased from Dec. 2022 (¥1 Mil) to Dec. 2023 (¥9 Mil).

Shenzhen S.C New Energy Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shenzhen S.C New Energy Technology'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 S.C New Energy Technology Long-Term Capital Lease Obligation Chart

Shenzhen S.C New Energy Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.38

1.55

0.95

8.78

Shenzhen S.C New Energy Technology 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															0.40	0.03	12.09	8.78	3.92

Shenzhen S.C New Energy Technology (SZSE:300724) 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 S.C New Energy Technology (SZSE:300724) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen S.C New Energy Technology Corp (SZSE:300724) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No 89 Hengping Road, Henggang Street, Buildding D, E (Yongxin Industrial Park) Digital Silicon Valley, Longgang District, Guangdong Province, Shenzhen, CHN, 518115

Website

http://www.chinasc.com.cn

Shenzhen S.C New Energy Technology Corp is a Chinese photo-voltaic and green energy equipment manufacturer. The company offerings are categorized into five categories from mono/multi-Crystalline texturing equipment, diffusion furnace, PSG removal and edge isolation equipment, PECVD to intelligent automation equipment. Its products include Automatic Mono-Crystalline Texturing Equipment, DOA Equipment, Integrated Mono-crystalline/ MCCE Texturing Equipment, Automatic Ultrasonic Wafer Cleaning Equipment, Drying oven, LED devices, and also offers Crystalline Solar Cell Production Line Turnkey Solution.

Executives

Liang Mei Zhen	Director
Li Shi Jun	Directors, executives
Zuo Guo Jun	Directors, executives
Wu Bo	Directors, executives
Zhang Yong	Supervisors

Shenzhen S.C New Energy Technology (SZSE:300724) Headlines

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