Kerry Logistics Network (HKSE:00636) Long-Term Capital Lease Obligation : HK$1,101 Mil (As of Dec. 2023)

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What is Kerry Logistics Network Long-Term Capital Lease Obligation?

Kerry Logistics Network's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,101 Mil.

Kerry Logistics Network's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$1,453 Mil) to Jun. 2023 (HK$1,499 Mil) but then declined from Jun. 2023 (HK$1,499 Mil) to Dec. 2023 (HK$1,101 Mil).

Kerry Logistics Network's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$2,385 Mil) to Dec. 2022 (HK$1,453 Mil) and declined from Dec. 2022 (HK$1,453 Mil) to Dec. 2023 (HK$1,101 Mil).

Kerry Logistics Network Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kerry Logistics Network'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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Kerry Logistics Network Long-Term Capital Lease Obligation Chart

Kerry Logistics Network Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,545.88

3,178.12

2,384.65

1,453.23

1,100.57

Kerry Logistics Network Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	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															2,384.65	2,079.24	1,453.23	1,499.09	1,100.57

Kerry Logistics Network (HKSE:00636) 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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Kerry Logistics Network (HKSE:00636) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kerry Logistics Network Ltd (HKSE:00636) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

KYL:Germany

Address

55 Wing Kei Road, 16th Floor, Kerry Cargo Centre, New Territories, Kwai Chung, Hong Kong, HKG

Website

https://www.kln.com

Kerry Logistics Network, or KLN, is a leading Asian diversified logistics service provider with a global presence. KLN is the number one non-vessel operating common carrier, or NVOCC, by volume for transpacific trades in 2022. Its business consists of international freight forwarding (air freight, ocean freight, and cross-border road freight forwarding services), integrated logistics mainly across Asia, and e-commerce and express delivery services. KLN has been majority owned by and consolidated under the international segment of China's leading logistics company S.F. Holding, or SF, since September 2021.

Executives

Wang Wei	2201 Interest of corporation controlled by you
Shen Zhen Ming De Kong Gu Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Shun Feng Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Kerry Group Limited	2201 Interest of corporation controlled by you
Kerry Properties Limited	2101 Beneficial owner
Flourish Harmony Holdings Company Limited	2101 Beneficial owner

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