Fosun Tourism Group (HKSE:01992) Long-Term Capital Lease Obligation : HK$12,059 Mil (As of Dec. 2023)

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What is Fosun Tourism Group Long-Term Capital Lease Obligation?

Fosun Tourism Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$12,059 Mil.

Fosun Tourism Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$11,626 Mil) to Jun. 2023 (HK$12,078 Mil) but then declined from Jun. 2023 (HK$12,078 Mil) to Dec. 2023 (HK$12,059 Mil).

Fosun Tourism Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$10,580 Mil) to Dec. 2022 (HK$11,626 Mil) and increased from Dec. 2022 (HK$11,626 Mil) to Dec. 2023 (HK$12,059 Mil).

Fosun Tourism Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fosun Tourism 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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Fosun Tourism Group Long-Term Capital Lease Obligation Chart

Fosun Tourism Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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9,169.39

10,484.95

10,579.77

11,626.49

12,059.44

Fosun Tourism Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											10,579.77	10,562.01	11,626.49	12,078.48	12,059.44

Fosun Tourism Group (HKSE:01992) 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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Fosun Tourism Group (HKSE:01992) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fosun Tourism Group (HKSE:01992) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

6T8:Germany

Address

3 Garden Road, Room 808 & 2101-06, ICBC Tower, Central, Hong Kong, HKG, 210010

Website

http://www.fosunholiday.com

Fosun Tourism Group is primarily engaged in providing pioneering and family-focused tourism and leisure solutions. The principal business activities of the group are resort; tourism destinations; and services and solutions in various tourism and leisure settings.

Executives

Fosun Holdings Limited	2201 Interest of corporation controlled by you
Fosun International Holdings Ltd.	2201 Interest of corporation controlled by you
Guo Guangchang	2201 Interest of corporation controlled by you
Fosun International Limited	2101 Beneficial owner
China Huarong International Holdings Ltd	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Cho Jung-ho	2201 Interest of corporation controlled by you
Meritz Financial Group Inc.	2201 Interest of corporation controlled by you
Meritz Securities Co., Ltd.	2101 Beneficial owner

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