Lenovo Group (HKSE:00992) Long-Term Capital Lease Obligation : HK$1,881 Mil (As of Mar. 2024)

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What is Lenovo Group Long-Term Capital Lease Obligation?

Lenovo Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$1,881 Mil.

Lenovo Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (HK$2,103 Mil) to Dec. 2023 (HK$2,055 Mil) and declined from Dec. 2023 (HK$2,055 Mil) to Mar. 2024 (HK$1,881 Mil).

Lenovo Group's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (HK$2,057 Mil) to Mar. 2023 (HK$2,204 Mil) but then declined from Mar. 2023 (HK$2,204 Mil) to Mar. 2024 (HK$1,881 Mil).

Lenovo Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lenovo Group'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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Lenovo Group Long-Term Capital Lease Obligation Chart

Lenovo Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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2,692.98

2,587.83

2,056.63

2,204.21

1,881.03

Lenovo Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															2,204.21	2,225.54	2,102.82	2,054.67	1,881.03

Lenovo Group (HKSE:00992) 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.

Lenovo Group Long-Term Capital Lease Obligation Related Terms

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Lenovo Group (HKSE:00992) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lenovo Group Ltd (HKSE:00992) » Definitions » Long-Term Capital Lease Obligation

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Address

979 King's Road, 23rd Floor, Lincoln House, Taikoo Place, Quarry Bay, Hong Kong, HKG

Website

https://www.lenovo.com

Lenovo is a global technology hardware company with a leading market share in personal computers. Its operations are divided into three main business segments: PC and smart devices, mobile, and data center, which we expect to account for 55%, 11%, and 19% of sales in the midterm, respectively. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 16% of overall sales in fiscal 2022, from 6% in 2015.

Executives

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