Power TECH Co (SZSE:301369) Long-Term Capital Lease Obligation : ¥0.7 Mil (As of Mar. 2024)

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What is Power TECH Co Long-Term Capital Lease Obligation?

Power TECH Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.7 Mil.

Power TECH Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥1.1 Mil) to Dec. 2023 (¥0.8 Mil) and declined from Dec. 2023 (¥0.8 Mil) to Mar. 2024 (¥0.7 Mil).

Power TECH Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0.0 Mil) to Dec. 2022 (¥1.9 Mil) but then declined from Dec. 2022 (¥1.9 Mil) to Dec. 2023 (¥0.8 Mil).

Power TECH Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Power TECH 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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Power TECH Co Long-Term Capital Lease Obligation Chart

Power TECH Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.88

0.83

Power TECH Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	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													1.85	1.38	1.11	0.83	0.71

Power TECH Co (SZSE:301369) 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.

Power TECH Co Long-Term Capital Lease Obligation Related Terms

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Power TECH Co (SZSE:301369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Power TECH Co Ltd (SZSE:301369) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 16, Guangming Avenue,, New Light Source Industrial Base, Nanhai National High-tech Zone, Guangdong Province, Foshan City, CHN, 528226

Website

http://cn.powertechsemi.com

Power TECH Co Ltd is engaged in the research and development, production and sales of special equipment in the field of back-end packaging and testing in the semiconductor industry.

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