Googol Technology Co (SZSE:301510) Long-Term Capital Lease Obligation : ¥11.9 Mil (As of Jun. 2024)

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What is Googol Technology Co Long-Term Capital Lease Obligation?

Googol Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥11.9 Mil.

Googol Technology Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (¥1.0 Mil) to Mar. 2024 (¥6.8 Mil) and increased from Mar. 2024 (¥6.8 Mil) to Jun. 2024 (¥11.9 Mil).

Googol Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥2.1 Mil) to Dec. 2022 (¥0.7 Mil) but then increased from Dec. 2022 (¥0.7 Mil) to Dec. 2023 (¥1.0 Mil).

Googol Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Googol 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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Googol Technology Co Long-Term Capital Lease Obligation Chart

Googol Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.16

2.12

0.70

0.97

Googol Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											0.08	0.38	0.97	6.79	11.95

Googol Technology Co (SZSE:301510) 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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Googol Technology Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Googol Technology Co Ltd (SZSE:301510) » Definitions » Long-Term Capital Lease Obligation

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Address

Shenzhen-Hong Kong Industry-University-Research Base, Room W211, 2nd Floor, West Building, High-tech Zone, Nanshan, South District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.googoltech.com.cn

Googol Technology Co Ltd a high-tech enterprise engaged in the research and development of manufacturing core technologies, is one of the comprehensive solution providers for fully interconnected intelligent manufacturing at home and abroad. Googol Technology focuses on the core technology research in the five directions of motion control, servo drive, multi-dimensional perception, industrial field network and industrial software. The operation and control technology and products of Googol Technology are widely used in industrial control fields such as microelectronics, robots, CNC machine tools, electronic processing, testing, printing, packaging and production automation.

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