ZTO Express (Cayman) (ZTO Express (Cayman)) Long-Term Capital Lease Obligation : $64 Mil (As of Dec. 2023)

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What is ZTO Express (Cayman) Long-Term Capital Lease Obligation?

ZTO Express (Cayman)'s Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $64 Mil.

ZTO Express (Cayman)'s quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($68 Mil) to Sep. 2023 ($61 Mil) but then increased from Sep. 2023 ($61 Mil) to Dec. 2023 ($64 Mil).

ZTO Express (Cayman)'s annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($87 Mil) to Dec. 2022 ($73 Mil) and declined from Dec. 2022 ($73 Mil) to Dec. 2023 ($64 Mil).

ZTO Express (Cayman) Long-Term Capital Lease Obligation Historical Data

The historical data trend for ZTO Express (Cayman)'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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ZTO Express (Cayman) Long-Term Capital Lease Obligation Chart

ZTO Express (Cayman) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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71.92

76.84

87.31

73.20

63.85

ZTO Express (Cayman) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															73.20	69.95	68.04	61.46	63.85

ZTO Express (Cayman) (NYSE:ZTO) 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.

ZTO Express (Cayman) Long-Term Capital Lease Obligation Related Terms

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ZTO Express (Cayman) (ZTO Express (Cayman)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZTO Express (Cayman) Inc (NYSE:ZTO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ZTO:Mexico 02057:Hong Kong 0A33:UK ZTOA:Germany Z1TO34:Brazil

Address

No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708

Website

http://ir.zto.com

ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains the Chairman, CEO, and its major shareholder with 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company, Alibaba Group, with around an 11.7% interest.