Tian Tu Capital Co (HKSE:01973) Long-Term Capital Lease Obligation : HK$14.02 Mil (As of Jun. 2023)

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What is Tian Tu Capital Co Long-Term Capital Lease Obligation?

Tian Tu Capital Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$14.02 Mil.

Tian Tu Capital Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$15.44 Mil) to Mar. 2023 (HK$0.00 Mil) but then increased from Mar. 2023 (HK$0.00 Mil) to Jun. 2023 (HK$14.02 Mil).

Tian Tu Capital Co's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (HK$29.42 Mil) to Dec. 2021 (HK$1.42 Mil) but then increased from Dec. 2021 (HK$1.42 Mil) to Dec. 2022 (HK$15.44 Mil).

Tian Tu Capital Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tian Tu Capital 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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Tian Tu Capital Co Long-Term Capital Lease Obligation Chart

Tian Tu Capital Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

29.42

1.42

15.44

12.60

Tian Tu Capital Co Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	15.44	-	14.02	12.60

Tian Tu Capital Co (HKSE:01973) 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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Tian Tu Capital Co (HKSE:01973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tian Tu Capital Co Ltd (HKSE:01973) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

4068 Qiaoxiang Road, 23/Floor-2/3, Building B, Intelligence Plaza, Nanshan, Shenzhen, CHN

Website

http://www.tiantucapital.com

Tian Tu Capital Co Ltd is a leading private equity investor and fund manager committed to driving the growth of Chinese consumer brands and companies. It manages capital for institutional investors and high-net-worth individuals and makes investments through its funds under management and directly using its own capital.

Executives

Atrenew Inc.	2101 Beneficial owner
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Wen Liyuan	2201 Interest of corporation controlled by you
Cao Minghui	2201 Interest of corporation controlled by you
Marvel Horizon Limited	2101 Beneficial owner
Yang Guang Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Dao Hai Nuo Tou Zi Fa Zhan You Xian Gong Si	2101 Beneficial owner
Qing Dao Hai Ming Cheng Shi Fa Zhan You Xian Gong Si	2101 Beneficial owner
Chang Cheng Ji Jin Guan Li You Xian Gong Si	2301 Trustee
Qing Dao Jing Ji Ji Shu Kai Fa Qu Tou Zi Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Dao Jing Ji Ji Shu Kai Fa Qu Jin Rong Tou Zi Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shen Zhen Shi Fu Tian Yin Dao Ji Jin Tou Zi You Xian Gong Si	2101 Beneficial owner

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