China Lilang (HKSE:01234) Long-Term Capital Lease Obligation : HK$53 Mil (As of Dec. 2023)

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What is China Lilang Long-Term Capital Lease Obligation?

China Lilang's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$53 Mil.

China Lilang's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$63 Mil) to Jun. 2023 (HK$54 Mil) and declined from Jun. 2023 (HK$54 Mil) to Dec. 2023 (HK$53 Mil).

China Lilang's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$78 Mil) to Dec. 2022 (HK$63 Mil) and declined from Dec. 2022 (HK$63 Mil) to Dec. 2023 (HK$53 Mil).

China Lilang Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Lilang'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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China Lilang Long-Term Capital Lease Obligation Chart

China Lilang Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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73.41

77.98

63.30

53.32

China Lilang 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															77.98	64.31	63.30	53.93	53.32

China Lilang (HKSE:01234) 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.

China Lilang Long-Term Capital Lease Obligation Related Terms

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China Lilang (HKSE:01234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Lilang Ltd (HKSE:01234) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

5LX:Germany

Address

200 Chang Xing Road, Lilang Industrial Park, Fujian Province, Jinjiang, CHN, 362200

Website

https://www.lilanz.com

China Lilang Ltd manufactures business and casual menswear apparel, with roughly two thirds of revenue coming from tops. China Lilang sells its products under the Lilanz brand, which generates the vast majority of the company's revenue, and the L2 brand. All the company's sales are made in China. China Lilang wholesales its products to distributors who operate thousands of Lilanz-branded and L2-branded retail stores. China Lilang also has two self-operated flagship retail stores and sells its products through its own and third-party e-commerce platforms.

Executives

Xiao Sheng International Limited

2101 Beneficial owner

China Lilang (HKSE:01234) Headlines

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