Hangzhou Huasu Technology Co (SZSE:301157) Long-Term Capital Lease Obligation : ¥0.7 Mil (As of Sep. 2024)

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What is Hangzhou Huasu Technology Co Long-Term Capital Lease Obligation?

Hangzhou Huasu Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0.7 Mil.

Hangzhou Huasu Technology Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (¥1.2 Mil) to Jun. 2024 (¥0.6 Mil) but then increased from Jun. 2024 (¥0.6 Mil) to Sep. 2024 (¥0.7 Mil).

Hangzhou Huasu Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥3.2 Mil) to Dec. 2022 (¥4.2 Mil) but then declined from Dec. 2022 (¥4.2 Mil) to Dec. 2023 (¥1.3 Mil).

Hangzhou Huasu Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hangzhou Huasu 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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Hangzhou Huasu Technology Co Long-Term Capital Lease Obligation Chart

Hangzhou Huasu Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.66

3.21

4.15

1.28

Hangzhou Huasu Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											2.23	1.28	1.20	0.65	0.65

Hangzhou Huasu Technology Co (SZSE:301157) 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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Hangzhou Huasu Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Huasu Technology Co Ltd (SZSE:301157) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

No. 1418-50, Moganshan Road, Floor 2 and 3, Building 3, Shangcheng Science and Technology Industrial Base, Zhejiang Province, Hangzhou, CHN

Website

Hangzhou Huasu Technology Co Ltd is an innovative high-tech company focusing on battery safety monitoring and operation management platforms. It specializes in the research and development and sales of lead-acid battery BMS, energy storage lithium battery BMS, EV power battery BMS and battery monitoring data platform operation services. The products and services are widely used in cloud computing, data centers, communication networks, energy storage, new energy vehicles, rail transit, and key power supplies for commercial and industrial facilities.

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