J&T Global Express (FRA:J92) Long-Term Capital Lease Obligation : €279 Mil (As of Dec. 2023)

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What is J&T Global Express Long-Term Capital Lease Obligation?

J&T Global Express's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €279 Mil.

J&T Global Express's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€322 Mil) to Jun. 2023 (€332 Mil) but then declined from Jun. 2023 (€332 Mil) to Dec. 2023 (€279 Mil).

J&T Global Express's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€346 Mil) to Dec. 2022 (€322 Mil) and declined from Dec. 2022 (€322 Mil) to Dec. 2023 (€279 Mil).

J&T Global Express Long-Term Capital Lease Obligation Historical Data

The historical data trend for J&T Global Express'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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J&T Global Express Long-Term Capital Lease Obligation Chart

J&T Global Express Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

91.55

346.24

322.35

279.06

J&T Global Express Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			346.24	-	322.35	331.87	279.06

J&T Global Express (FRA:J92) 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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J&T Global Express (FRA:J92) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » J&T Global Express Ltd (FRA:J92) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

01519:Hong Kong

Address

1777 Hualong Road, Room 1001, Block A, Tower 5, Huaxinzhen, Qingpu, Shanghai, CHN

Website

https://www.jtexpress.com

J&T Global Express Ltd is a global logistics service provider with the leading express delivery business in Southeast Asia. Its express delivery services span 13 countries, which include the largest and fastest-growing express delivery emerging markets globally. It provides express delivery services to leading e-commerce platforms, enabling the rapid development of its partners as they expand into new markets.

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