BEST (FRA:2991) Long-Term Capital Lease Obligation : €111 Mil (As of Dec. 2023)

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What is BEST Long-Term Capital Lease Obligation?

BEST's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €111 Mil.

BEST's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€138 Mil) to Sep. 2023 (€3 Mil) but then increased from Sep. 2023 (€3 Mil) to Dec. 2023 (€111 Mil).

BEST's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€203 Mil) to Dec. 2022 (€178 Mil) and declined from Dec. 2022 (€178 Mil) to Dec. 2023 (€111 Mil).

BEST Long-Term Capital Lease Obligation Historical Data

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

BEST Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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435.13

175.26

202.72

178.47

110.93

BEST 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															178.47	157.45	137.89	2.89	110.93

BEST (FRA:2991) 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.

BEST Long-Term Capital Lease Obligation Related Terms

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BEST (FRA:2991) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » BEST Inc (FRA:2991) » Definitions » Long-Term Capital Lease Obligation

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BEST:USA

Address

No. 18 Tangmiao Road, 2nd Floor, Block A, Huaxing Modern Industry Park, Xihu District, Zhejiang Province, Hangzhou, CHN, 310013

Website

https://ir.best-inc.com

BEST Inc is a supply chain company. It provides a New Retail platform that offers technology-enabled integrated solutions such as supply chain management, express delivery, freight, merchandise sourcing, cross-border supply chain, last-mile, financial and value-added services. The Group operates in the following operating segments, Supply chain management services, Freight, Global and Others. The Others category principally relates to cross-border logistic coordination services. The majority of revenue generated from Freight segment.

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