Zhejiang Whyis Technology Co (SZSE:301218) Long-Term Capital Lease Obligation : ¥1.4 Mil (As of Mar. 2025)

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What is Zhejiang Whyis Technology Co Long-Term Capital Lease Obligation?

Zhejiang Whyis Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥1.4 Mil.

Zhejiang Whyis Technology Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥0.4 Mil) to Dec. 2024 (¥1.5 Mil) but then declined from Dec. 2024 (¥1.5 Mil) to Mar. 2025 (¥1.4 Mil).

Zhejiang Whyis Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (¥0.0 Mil) to Dec. 2023 (¥1.0 Mil) and increased from Dec. 2023 (¥1.0 Mil) to Dec. 2024 (¥1.5 Mil).

Zhejiang Whyis Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Whyis 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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Zhejiang Whyis Technology Co Long-Term Capital Lease Obligation Chart

Zhejiang Whyis Technology Co Annual Data

Trend

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Long-Term Capital Lease Obligation

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1.00

1.49

Zhejiang Whyis Technology 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															1.01	0.81	0.45	1.49	1.40

Zhejiang Whyis Technology Co (SZSE:301218) 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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Zhejiang Whyis Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zhejiang Whyis Technology Co Ltd (SZSE:301218) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Jiaqi Road, Xianlin Street, 1st Floor, Building, Yuhang District, Zhejiang Province, Hangzhou City, CHN, 311122

Website

http://www.zjwhyis.com

Zhejiang Whyis Technology Co Ltd is engaged in providing one-stop comprehensive solutions for project design, information system development, software and hardware procurement, system integration and operation and maintenance services.

Executives

Wen Zhi Wei	Directors, executives
Ye Hai Zhen	Directors, executives
Chen Jiang Hai	Executives
Chen Bi Ling	Directors, executives

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