Qingmu Tec Co (SZSE:301110) Long-Term Capital Lease Obligation : ¥65 Mil (As of Mar. 2025)

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What is Qingmu Tec Co Long-Term Capital Lease Obligation?

Qingmu Tec Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥65 Mil.

Qingmu Tec Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥10 Mil) to Dec. 2024 (¥79 Mil) but then declined from Dec. 2024 (¥79 Mil) to Mar. 2025 (¥65 Mil).

Qingmu Tec Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥31 Mil) to Dec. 2023 (¥14 Mil) but then increased from Dec. 2023 (¥14 Mil) to Dec. 2024 (¥79 Mil).

Qingmu Tec Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Qingmu Tec 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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Qingmu Tec Co Long-Term Capital Lease Obligation Chart

Qingmu Tec Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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15.26

28.41

31.06

13.58

79.31

Qingmu Tec Co 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															13.74	13.05	9.74	79.31	64.78

Qingmu Tec Co (SZSE:301110) 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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Qingmu Tec Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Qingmu Tec Co Ltd (SZSE:301110) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Donghai Street South, Unit 001, No. 32, Fenghe Jiangbei Village, Haizhu District, Guangdong Province, Guangzhou, CHN, 510310

Website

https://www.qingmutec.com

Qingmu Tec Co Ltd is involved in the E-commerce sales services, brand digital marketing, technology solutions and consumer operation services.

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