General Elevator Co (SZSE:300931) Long-Term Capital Lease Obligation : ¥0.8 Mil (As of Mar. 2024)

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What is General Elevator Co Long-Term Capital Lease Obligation?

General Elevator Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.8 Mil.

General Elevator Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0.2 Mil) to Dec. 2023 (¥0.5 Mil) and increased from Dec. 2023 (¥0.5 Mil) to Mar. 2024 (¥0.8 Mil).

General Elevator Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0.0 Mil) to Dec. 2022 (¥0.5 Mil) and increased from Dec. 2022 (¥0.5 Mil) to Dec. 2023 (¥0.5 Mil).

General Elevator Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for General Elevator 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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General Elevator Co Long-Term Capital Lease Obligation Chart

General Elevator Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.16

0.47

0.48

General Elevator Co Quarterly Data
	Dec18	Jun19	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															0.46	0.47	0.25	0.48	0.78

General Elevator Co (SZSE:300931) 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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General Elevator Co (SZSE:300931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » General Elevator Co Ltd (SZSE:300931) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gangdong Development Zone, Qidu Town, Wujiang District, Jiangsu Province, Suzhou, CHN, 215200

Website

http://www.sge-elevator.com

General Elevator Co Ltd is engaged in the design, manufacturing, sales, installation, renovation and maintenance of elevators, escalators, and moving walks.

Executives

Li Biao	Directors, executives
Gu Yue Jiang	Director
Zhang Jian Lin	Directors, executives
Sun Jian Ping	Director

General Elevator Co (SZSE:300931) Headlines

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