Guolian Securities Co (FRA:34V) Long-Term Capital Lease Obligation : €29.8 Mil (As of Mar. 2024)

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What is Guolian Securities Co Long-Term Capital Lease Obligation?

Guolian Securities Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €29.8 Mil.

Guolian Securities Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€29.0 Mil) to Dec. 2023 (€17.4 Mil) but then increased from Dec. 2023 (€17.4 Mil) to Mar. 2024 (€29.8 Mil).

Guolian Securities Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€13.3 Mil) to Dec. 2022 (€9.9 Mil) but then increased from Dec. 2022 (€9.9 Mil) to Dec. 2023 (€17.4 Mil).

Guolian Securities Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guolian Securities 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.

* Premium members only.

Guolian Securities Co Long-Term Capital Lease Obligation Chart

Guolian Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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13.85

14.84

13.30

9.94

17.36

Guolian Securities Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	17.02	29.00	17.36	29.83

Guolian Securities Co (FRA:34V) 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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Guolian Securities Co (FRA:34V) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Guolian Securities Co Ltd (FRA:34V) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

01456:Hong Kong 601456:China

Address

No. 8 Jinrong One Street, Jiangsu Province, Wuxi, CHN, 214000

Website

https://www.glsc.com.cn

Guolian Securities Co Ltd is a china based financial institution. The company's operating segments include Brokerage and wealth management; Credit transaction; Investment banking; Proprietary trading; Asset management and investment and Other businesses. It generates maximum revenue from the Proprietary trading segment. The Proprietary trading segment includes trading in financial products. The Brokerage and wealth management segment includes securities trading and brokering services, sales of wealth management products, investment consulting, and asset allocation.

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