Loctek Ergonomic Technology (SZSE:300729) Long-Term Capital Lease Obligation : ¥2,727 Mil (As of Mar. 2025)

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What is Loctek Ergonomic Technology Long-Term Capital Lease Obligation?

Loctek Ergonomic Technology's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥2,727 Mil.

Loctek Ergonomic Technology's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥1,881 Mil) to Dec. 2024 (¥2,801 Mil) but then declined from Dec. 2024 (¥2,801 Mil) to Mar. 2025 (¥2,727 Mil).

Loctek Ergonomic Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (¥973 Mil) to Dec. 2023 (¥1,035 Mil) and increased from Dec. 2023 (¥1,035 Mil) to Dec. 2024 (¥2,801 Mil).

Loctek Ergonomic Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Loctek Ergonomic 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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Loctek Ergonomic Technology Long-Term Capital Lease Obligation Chart

Loctek Ergonomic Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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103.80

175.28

973.06

1,035.28

2,800.64

Loctek Ergonomic Technology Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,256.52	1,405.73	1,880.89	2,800.64	2,726.63

Loctek Ergonomic Technology (SZSE:300729) 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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Loctek Ergonomic Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Loctek Ergonomic Technology Corp (SZSE:300729) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.757 Rili Middle Road, Floor 20 Aux Building, Yinzhou District, Ningbo, CHN, 315199

Website

http://www.loctek.com

Loctek Ergonomic Technology Corp is a China-based company. The company manufactures office systems and equipment including height adjustable desk, sit-stand workstation, monitor arm, TV wall mount specifically designed for plasma, LCD, and LED TVs and exercise bike in China. It also offers table mounts, wall furniture, carts, projector screen, speaker stands.

Executives

Jiang Yi	Director
Gu Chao Feng	Executives
Xiang Le Hong	Directors, executives
Zhu Wei	Directors, Directors, and Executives
Pan Yun Ping	Directors, executives
Bai Mi	Securities Affairs Representative
Zhang Xin	Directors, executives
Wu Ya Jun	Independent director

Loctek Ergonomic Technology Headlines

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