Zhongsheng Group Holdings (HKSE:00881) Long-Term Capital Lease Obligation : HK$5,029 Mil (As of Dec. 2023)

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What is Zhongsheng Group Holdings Long-Term Capital Lease Obligation?

Zhongsheng Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$5,029 Mil.

Zhongsheng Group Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$4,329 Mil) to Jun. 2023 (HK$3,999 Mil) but then increased from Jun. 2023 (HK$3,999 Mil) to Dec. 2023 (HK$5,029 Mil).

Zhongsheng Group Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$5,203 Mil) to Dec. 2022 (HK$4,329 Mil) but then increased from Dec. 2022 (HK$4,329 Mil) to Dec. 2023 (HK$5,029 Mil).

Zhongsheng Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhongsheng Group Holdings'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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Zhongsheng Group Holdings Long-Term Capital Lease Obligation Chart

Zhongsheng Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,966.94

4,560.48

5,202.75

4,328.93

5,029.27

Zhongsheng Group Holdings 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															5,202.75	4,805.80	4,328.93	3,998.68	5,029.27

Zhongsheng Group Holdings (HKSE:00881) 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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Zhongsheng Group Holdings (HKSE:00881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhongsheng Group Holdings Ltd (HKSE:00881) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ZSHGY:USA 5Z0:Germany

Address

No. 20 Hequ Street, Shahekou District, Dalian, CHN, 116000

Website

https://www.zs-group.com.cn

Zhongsheng Group Holdings Ltd is an automobile dealer in China. The company is focused on luxury and mid-to-high end automobile brands including luxury brands of Mercedes-Benz, Lexus and Audi, Porsche and Landrover, and mid-to-high end brands of Toyota, Nissan, and Volkswagen, Chrysler. It provides sales and services for motor vehicles.

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