Hangzhou Gisway Information Technology Co (SZSE:301390) Long-Term Capital Lease Obligation : ¥1.7 Mil (As of Mar. 2024)

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

Hangzhou Gisway Information Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1.7 Mil.

Hangzhou Gisway Information Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥5.0 Mil) to Dec. 2023 (¥0.4 Mil) but then increased from Dec. 2023 (¥0.4 Mil) to Mar. 2024 (¥1.7 Mil).

Hangzhou Gisway Information Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥1.1 Mil) to Dec. 2022 (¥2.4 Mil) but then declined from Dec. 2022 (¥2.4 Mil) to Dec. 2023 (¥0.4 Mil).

Hangzhou Gisway Information Technology Co Long-Term Capital Lease Obligation Historical Data

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

Hangzhou Gisway Information Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.14

1.12

2.40

0.39

Hangzhou Gisway Information Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										1.93	5.36	5.01	0.39	1.72

Hangzhou Gisway Information Technology Co (SZSE:301390) 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 Gisway Information Technology Co (SZSE:301390) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hangzhou Gisway Information Technology Co Ltd (SZSE:301390) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 1899, Gudun Road, Room 626-628, 6th Floor, Building A1, Liangzhu, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311100

Website

https://www.gisway.com.cn

Hangzhou Gisway Information Technology Co Ltd mainly provides integrated power technology services such as power engineering consulting design, construction, operation and maintenance, energy saving, and electricity sales for customers such as power grids and affiliated enterprises, government agencies, and industrial and commercial enterprises. The company's business segment includes 3DGIS Smart Service, Power Integration Service, and Integrated Energy Services.

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