Chow Tai Fook Jewellery Group (HKSE:01929) Long-Term Capital Lease Obligation : HK$558 Mil (As of Sep. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Chow Tai Fook Jewellery Group Long-Term Capital Lease Obligation?

Chow Tai Fook Jewellery Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$558 Mil.

Chow Tai Fook Jewellery Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$507 Mil) to Mar. 2023 (HK$563 Mil) but then declined from Mar. 2023 (HK$563 Mil) to Sep. 2023 (HK$558 Mil).

Chow Tai Fook Jewellery Group's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$726 Mil) to Mar. 2022 (HK$527 Mil) but then increased from Mar. 2022 (HK$527 Mil) to Mar. 2023 (HK$563 Mil).

Chow Tai Fook Jewellery Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chow Tai Fook Jewellery 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.

* Premium members only.

Chow Tai Fook Jewellery Group Long-Term Capital Lease Obligation Chart

Chow Tai Fook Jewellery Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

900.30

726.00

527.30

563.00

Chow Tai Fook Jewellery Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															591.30	527.30	506.80	563.00	557.90

Chow Tai Fook Jewellery Group (HKSE:01929) 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.

Chow Tai Fook Jewellery Group Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Chow Tai Fook Jewellery Group's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Chow Tai Fook Jewellery Group (HKSE:01929) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Chow Tai Fook Jewellery Group Ltd (HKSE:01929) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CJEWY:USA CJEWF:USA 1CT:Germany

Address

16 - 18 Queen's Road Central, 33rd Floor, New World Tower, Central, Hong Kong, HKG

Website

https://www.ctfjewellerygroup.com

Chow Tai Fook Jewellery Group Ltd is engaged in the jewelry and watch business located in Mainland China. The company's geographical operating segment includes Mainland China and Hong Kong, Macau and other markets. It generates maximum revenue from Mainland China. Its product categories include ring, bands, necklace, pendant, earrings, chain, bracelet, and others. The company derives revenue from Gem-set, Gold products, Platinum/Karat gold products, and Watches.

Chow Tai Fook Jewellery Group (HKSE:01929) Headlines

No Headlines