Deewin Tianxia Co (HKSE:02418) Long-Term Capital Lease Obligation : HK$11 Mil (As of Dec. 2023)

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What is Deewin Tianxia Co Long-Term Capital Lease Obligation?

Deewin Tianxia Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$11 Mil.

Deewin Tianxia Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$26 Mil) to Jun. 2023 (HK$14 Mil) and declined from Jun. 2023 (HK$14 Mil) to Dec. 2023 (HK$11 Mil).

Deewin Tianxia Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$29 Mil) to Dec. 2022 (HK$26 Mil) and declined from Dec. 2022 (HK$26 Mil) to Dec. 2023 (HK$11 Mil).

Deewin Tianxia Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Deewin Tianxia 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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Deewin Tianxia Co Long-Term Capital Lease Obligation Chart

Deewin Tianxia Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

10.83

14.43

28.66

25.84

10.89

Deewin Tianxia Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			28.66	28.48	25.84	14.42	10.89

Deewin Tianxia Co (HKSE:02418) 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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Deewin Tianxia Co (HKSE:02418) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Deewin Tianxia Co Ltd (HKSE:02418) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

29 West Section of Xijin Road, Building 1, Jingwei Centre, 16th Floor, Unit 1, Economic and Technological Development Zone, Jingwei New City, Shaanxi, Xi’an, CHN

Website

http://www.deewintx.com

Deewin Tianxia Co Ltd is principally engaged in the business of logistics and supply chain service including supply chain business, automobile sales business and aftermarket product business, supply chain financial service including financial leasing business, factoring business and insurance brokerage business, and internet of vehicle and data service in China to players along the commercial automobile industry chain. Commercial automobiles, mainly include trucks, pickups, trailers, buses and lorries.

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