Tan Chong International (HKSE:00693) Long-Term Capital Lease Obligation : HK$387 Mil (As of Dec. 2023)

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What is Tan Chong International Long-Term Capital Lease Obligation?

Tan Chong International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$387 Mil.

Tan Chong International's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$467 Mil) to Jun. 2023 (HK$404 Mil) and declined from Jun. 2023 (HK$404 Mil) to Dec. 2023 (HK$387 Mil).

Tan Chong International's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$504 Mil) to Dec. 2022 (HK$467 Mil) and declined from Dec. 2022 (HK$467 Mil) to Dec. 2023 (HK$387 Mil).

Tan Chong International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tan Chong International'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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Tan Chong International Long-Term Capital Lease Obligation Chart

Tan Chong International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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552.71

501.54

503.78

466.88

386.67

Tan Chong International 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															503.78	396.24	466.88	403.65	386.67

Tan Chong International (HKSE:00693) 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.

Tan Chong International Long-Term Capital Lease Obligation Related Terms

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Tan Chong International (HKSE:00693) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tan Chong International Ltd (HKSE:00693) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

T15:Singapore

Address

6-8 Harbour Road, Unit 3001, 30th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.tanchong.com

Tan Chong International Ltd is an automobile dealer. It offers vehicles of Nissan brand in Singapore, Hong Kong, China and Thailand. The company has five business lines namely, Motor vehicle distribution and dealership business, Heavy commercial vehicle and industrial equipment distribution business, Property rentals and development, Transportation and Other operations which include investment holding, hire purchase financing, provision of workshop services and the manufacturing of vehicle seats. The company generates the majority of revenue from Motor vehicle distribution and dealership business.

Executives

Khor Swee Wah	2202 Interest of your spouse
Tan Heng Chew	2101 Beneficial owner
Wang Shu Erh	2202 Interest of your spouse
Tan Eng Soon	2101 Beneficial owner
Promenade Group Limited	2101 Beneficial owner

Tan Chong International (HKSE:00693) Headlines

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