Zhejiang EV-Tech Co (SZSE:301607) Long-Term Capital Lease Obligation : ¥28 Mil (As of Mar. 2025)

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What is Zhejiang EV-Tech Co Long-Term Capital Lease Obligation?

Zhejiang EV-Tech Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥28 Mil.

Zhejiang EV-Tech Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (¥24 Mil) to Dec. 2024 (¥17 Mil) but then increased from Dec. 2024 (¥17 Mil) to Mar. 2025 (¥28 Mil).

Zhejiang EV-Tech Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥89 Mil) to Dec. 2023 (¥20 Mil) and declined from Dec. 2023 (¥20 Mil) to Dec. 2024 (¥17 Mil).

Zhejiang EV-Tech Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang EV-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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Zhejiang EV-Tech Co Long-Term Capital Lease Obligation Chart

Zhejiang EV-Tech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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5.03

66.79

88.78

19.93

16.57

Zhejiang EV-Tech Co Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	15.74	23.53	16.57	27.85

Zhejiang EV-Tech Co (SZSE:301607) 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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Zhejiang EV-Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang EV-Tech Co Ltd (SZSE:301607) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 505, Wenchang Road, Dipu Street, Zhejiang Province, Anji County, Huzhou, CHN, 313300

Website

http://www.zjevt.com

Zhejiang EV-Tech Co Ltd is a national high-tech enterprise focusing on core components of new energy vehicles, and the main supplier of on-board chargers and on-board DC/DC converters for new energy vehicles. Its production base is located in Anji County, Huzhou City, and its R&D center lies in West Lake District, Hangzhou City.

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