Qingling Motors Co (HKSE:01122) Long-Term Capital Lease Obligation : HK$21 Mil (As of Dec. 2023)

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What is Qingling Motors Co Long-Term Capital Lease Obligation?

Qingling Motors Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$21 Mil.

Qingling Motors Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$31 Mil) to Jun. 2023 (HK$26 Mil) and declined from Jun. 2023 (HK$26 Mil) to Dec. 2023 (HK$21 Mil).

Qingling Motors Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$2 Mil) to Dec. 2022 (HK$31 Mil) but then declined from Dec. 2022 (HK$31 Mil) to Dec. 2023 (HK$21 Mil).

Qingling Motors Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Qingling Motors 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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Qingling Motors Co Long-Term Capital Lease Obligation Chart

Qingling Motors Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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65.63

37.79

2.36

30.55

21.22

Qingling Motors 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															2.36	-	30.55	25.75	21.22

Qingling Motors Co (HKSE:01122) 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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Qingling Motors Co (HKSE:01122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qingling Motors Co Ltd (HKSE:01122) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

QIN:Germany

Address

1 Xiexing Cun, Zhongliangshan, Jiulongpo District, Chongqing, CHN, 400052

Website

https://www.qingling.com.cn

Qingling Motors Co Ltd is a Chinese company which is engaged in the production and sale of Isuzu light, medium and heavy-duty trucks, pick-up trucks, multi-purpose vehicles and diesel and petrol engines. It also focuses on the manufacturing and sales of automobile parts and accessories. The company organizes its business into five segments namely Light-duty trucks and chassis; Pickup trucks and chassis; Medium and heavy-duty trucks and chassis; and Automobile parts, accessories and others. It also focuses on research and development activity for product, material, mould and process and fixtures. The company earns the majority of its revenue from the sale of trucks and vehicles in the People's Republic of China.

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