Beijing Jingkelong Co (HKSE:00814) Long-Term Capital Lease Obligation : HK$487 Mil (As of Dec. 2023)

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What is Beijing Jingkelong Co Long-Term Capital Lease Obligation?

Beijing Jingkelong Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$487 Mil.

Beijing Jingkelong Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$749 Mil) to Jun. 2023 (HK$675 Mil) and declined from Jun. 2023 (HK$675 Mil) to Dec. 2023 (HK$487 Mil).

Beijing Jingkelong Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1,099 Mil) to Dec. 2022 (HK$749 Mil) and declined from Dec. 2022 (HK$749 Mil) to Dec. 2023 (HK$487 Mil).

Beijing Jingkelong Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Beijing Jingkelong 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.

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Beijing Jingkelong Co Long-Term Capital Lease Obligation Chart

Beijing Jingkelong Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,087.64

1,080.09

1,098.66

748.86

486.89

Beijing Jingkelong Co 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															1,098.66	1,040.26	748.86	675.41	486.89

Beijing Jingkelong Co (HKSE:00814) 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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Beijing Jingkelong Co (HKSE:00814) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Beijing Jingkelong Co Ltd (HKSE:00814) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

G2M:Germany

Address

XinYuan Street, Block No. 45, Chaoyang District, Beijing, CHN

Website

https://www.jkl.com.cn

Beijing Jingkelong Co Ltd is engaged in the retail and wholesale distribution of daily consumer products in the region covering Beijing City and certain parts of its periphery. The company operates in three business segments including Retailing segment which mainly engages in the distribution of food, untagged food, daily necessities, drinks and cigarettes, hardware, and household appliances; Wholesaling segment is engaged in the wholesale supply of daily consumer products, including food, untagged food, beverages, drinks, cigarettes, and daily necessities and Other segment comprises, selling plastic packing products, hotel services, and school training services. It derives the majority of its revenue from the Wholesaling segment.

Executives

China Galaxy International Asset Management (hong Kong) Co., Limited	2102 Investment manager
China Galaxy International Spc (acting For And On Behalf Of China Galaxy Value Fund I Sp)	2201 Interest of corporation controlled by you

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