Grand Baoxin Auto Group (HKSE:01293) Long-Term Capital Lease Obligation : HK$1,036 Mil (As of Dec. 2023)

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What is Grand Baoxin Auto Group Long-Term Capital Lease Obligation?

Grand Baoxin Auto Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,036 Mil.

Grand Baoxin Auto Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$1,254 Mil) to Jun. 2023 (HK$1,111 Mil) and declined from Jun. 2023 (HK$1,111 Mil) to Dec. 2023 (HK$1,036 Mil).

Grand Baoxin Auto Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1,444 Mil) to Dec. 2022 (HK$1,254 Mil) and declined from Dec. 2022 (HK$1,254 Mil) to Dec. 2023 (HK$1,036 Mil).

Grand Baoxin Auto Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grand Baoxin Auto Group'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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Grand Baoxin Auto Group Long-Term Capital Lease Obligation Chart

Grand Baoxin Auto Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,346.37

1,434.59

1,443.79

1,253.94

1,035.75

Grand Baoxin Auto Group 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															1,443.79	1,276.94	1,253.94	1,111.44	1,035.75

Grand Baoxin Auto Group (HKSE:01293) 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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Grand Baoxin Auto Group (HKSE:01293) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Grand Baoxin Auto Group Ltd (HKSE:01293) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GBXXY:USA

Address

No. 3998 Hongxin Road, Grand Baoxin Building, Minhang District, Shanghai, CHN

Website

http://www.klbaoxin.com

Grand Baoxin Auto Group Ltd is an automobile sales and service group which focuses on mid-and-high end brands as well as luxury and ultra-luxury brands. It has only one reportable segment being the Sale of Motor Vehicles and the Provision of Related Services. The company offers a full range of integrated services, providing a range of services including new car sales, after-sales maintenance, auto beauty modification, used car sales, auto insurance business, auto parts sales, and other automotive-related product sales. The company's car brand portfolio comprises of Audi, Jaguar Land Rover, Volvo, Cadillac, Chrysler, Alfa Romeo, Porsche, Rolls Royce, and others. The company operates in Mainland China.

Executives

Sun Guangxin	2201 Interest of corporation controlled by you
Xin Jiang Guang Hui Shi Ye Tou Zi Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Guang Hui Qi Che Fu Wu Xiang Gang You Xian Gong Si	2101 Beneficial owner
Guang Hui Qi Che Fu Wu You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Guang Hui Qi Che Fu Wu Ji Tuan Gu Fen Gong Si Guang Hui Qi Che Fu Wu Gu Fen Gong Si	2201 Interest of corporation controlled by you
Shang Hai Hui Yong Qi Che Xiao Shou You Xian Gong Si	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
M Asia Holding Limited	2201 Interest of corporation controlled by you
Yang Chu Yu	2307 Founder of a discretionary trust who can infl
Extensive Success Holding Limited	2201 Interest of corporation controlled by you
Yang Aihua	2307 Founder of a discretionary trust who can infl
Baoxin Investment Management Ltd.	2101 Beneficial owner

Grand Baoxin Auto Group (HKSE:01293) Headlines

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