Li Ning Co (HKSE:02331) Long-Term Capital Lease Obligation : HK$1,996 Mil (As of Dec. 2023)

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What is Li Ning Co Long-Term Capital Lease Obligation?

Li Ning Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,996 Mil.

Li Ning Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$1,646 Mil) to Jun. 2023 (HK$2,073 Mil) but then declined from Jun. 2023 (HK$2,073 Mil) to Dec. 2023 (HK$1,996 Mil).

Li Ning Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$1,171 Mil) to Dec. 2022 (HK$1,646 Mil) and increased from Dec. 2022 (HK$1,646 Mil) to Dec. 2023 (HK$1,996 Mil).

Li Ning Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Li Ning 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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Li Ning Co Long-Term Capital Lease Obligation Chart

Li Ning Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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620.30

816.34

1,171.17

1,645.93

1,996.46

Li Ning 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															1,171.17	1,377.22	1,645.93	2,072.57	1,996.46

Li Ning Co (HKSE:02331) 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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Li Ning Co (HKSE:02331) Business Description

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Address

No. 8 Xing Guang 5th Street, Opto-Mechatronics Industrial Park, Zhongguancun Science and Technology Area, Tongzhou District, Beijing, CHN, 101111

Website

https://www.lining.com

Established in 1989, Li Ning is one of the largest sportswear companies in China. Headquartered in Beijing, Li Ning mainly sells professional and leisure footwear and apparel under the Li Ning brand. Despite having a single-brand strategy, Li Ning launched multiple sub-brands (such as China Li Ning and Li Ning 1990) to appeal to different demographics. As of the end of 2021, the company had 7,137 stores in China, of which 1,232 were directly operated, and 5,905 were franchised.

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