Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Long-Term Capital Lease Obligation : ¥103.6 Mil (As of Mar. 2024)

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What is Shanghai National Center of Testing & Inspection for Electric Cable & Wire Long-Term Capital Lease Obligation?

Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥103.6 Mil.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥101.5 Mil) to Dec. 2023 (¥103.8 Mil) but then declined from Dec. 2023 (¥103.8 Mil) to Mar. 2024 (¥103.6 Mil).

Shanghai National Center of Testing & Inspection for Electric Cable & Wire's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥100.9 Mil) to Dec. 2022 (¥110.7 Mil) but then declined from Dec. 2022 (¥110.7 Mil) to Dec. 2023 (¥103.8 Mil).

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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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Shanghai National Center of Testing & Inspection for Electric Cable & Wire Long-Term Capital Lease Obligation Chart

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.02

100.86

110.68

103.84

Shanghai National Center of Testing & Inspection for Electric Cable & Wire 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												107.78	106.90	101.49	103.84	103.59

Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) 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.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Long-Term Capital Lease Obligation Related Terms

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Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 888 Zhenchen Road, Baoshan District, Shanghai, CHN, 200444

Website

http://www.ticw.com.cn

Shanghai National Center of Testing & Inspection for Electric Cable & Wire is involved in the testing and inspection services for wire, cable and fiber optic cables. The main business scope includes testing, calibration, inspection, proficiency testing, 3C certification and production license testing, engineering application technical services, standardization services and others.

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