Hunan Sund Technological (SZSE:301548) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Mar. 2024)

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What is Hunan Sund Technological Long-Term Capital Lease Obligation?

Hunan Sund Technological's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil.

Hunan Sund Technological's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥0.0 Mil) to Dec. 2023 (¥0.1 Mil) but then declined from Dec. 2023 (¥0.1 Mil) to Mar. 2024 (¥0.0 Mil).

Hunan Sund Technological's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥0.1 Mil) to Dec. 2022 (¥0.0 Mil) but then increased from Dec. 2022 (¥0.0 Mil) to Dec. 2023 (¥0.1 Mil).

Hunan Sund Technological Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hunan Sund Technological'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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Hunan Sund Technological Long-Term Capital Lease Obligation Chart

Hunan Sund Technological Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.07

0.06

Hunan Sund Technological Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									-	-	-	0.06	0.03

Hunan Sund Technological (SZSE:301548) 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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Hunan Sund Technological (SZSE:301548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hunan Sund Technological Corp (SZSE:301548) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 9, Chayuan Road, High-tech Zone, Hunan, Xiangtan, CHN, 411102

Website

http://www.hnsund.com

Hunan Sund Technological Corp is engaged in research & development, design, production and sales of dynamic pressure oil film sliding bearings, sales of rolling bearings and related products, etc. It is a leading bearing supplier of bearing products and integral solutions for transmission systems.

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