Qingyan Environmental Technology Co (SZSE:301288) Long-Term Capital Lease Obligation : ¥0.5 Mil (As of Mar. 2024)

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What is Qingyan Environmental Technology Co Long-Term Capital Lease Obligation?

Qingyan Environmental Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.5 Mil.

Qingyan Environmental Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥1.0 Mil) to Dec. 2023 (¥0.7 Mil) and declined from Dec. 2023 (¥0.7 Mil) to Mar. 2024 (¥0.5 Mil).

Qingyan Environmental Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥2.6 Mil) to Dec. 2022 (¥1.1 Mil) and declined from Dec. 2022 (¥1.1 Mil) to Dec. 2023 (¥0.7 Mil).

Qingyan Environmental Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Qingyan Environmental 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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Qingyan Environmental Technology Co Long-Term Capital Lease Obligation Chart

Qingyan Environmental Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.79

2.59

1.13

0.67

Qingyan Environmental Technology Co Quarterly Data
	Dec18	Dec19	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												0.94	1.30	0.99	0.67	0.50

Qingyan Environmental Technology Co (SZSE:301288) 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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Qingyan Environmental Technology Co (SZSE:301288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Qingyan Environmental Technology Co Ltd (SZSE:301288) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 019, Gaoxin South 7th Road, Yuehai Street, Room C527, 5th Floor, Tsinghua University Research Institute, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.tsinghuan.com.cn

Qingyan Environmental Technology Co Ltd is engaged in the biochemical wastewater treatment technology research and development and application.

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