LC Logistics (HKSE:02490) Long-Term Capital Lease Obligation : HK$2 Mil (As of Dec. 2023)

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What is LC Logistics Long-Term Capital Lease Obligation?

LC Logistics's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2 Mil.

LC Logistics's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$3 Mil) to Dec. 2022 (HK$5 Mil) but then declined from Dec. 2022 (HK$5 Mil) to Dec. 2023 (HK$2 Mil).

LC Logistics's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$3 Mil) to Dec. 2022 (HK$5 Mil) but then declined from Dec. 2022 (HK$5 Mil) to Dec. 2023 (HK$2 Mil).

LC Logistics Long-Term Capital Lease Obligation Historical Data

The historical data trend for LC Logistics'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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LC Logistics Long-Term Capital Lease Obligation Chart

LC Logistics Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.88

2.59

5.13

2.40

LC Logistics Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Long-Term Capital Lease Obligation	1.88	2.59	5.13	2.40

LC Logistics (HKSE:02490) 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.

LC Logistics Long-Term Capital Lease Obligation Related Terms

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LC Logistics (HKSE:02490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LC Logistics Inc (HKSE:02490) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

9/F, China Stone Building, 37 Hong Kong Middle Road, Shinan District, Shandong Province, Qingdao, CHN

Website

http://www.burnasia.cn

LC Logistics Inc is a company involved in cross-border logistics services. The company provides services cover all major aspects of the cross-border logistics process, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit and last-mile delivery.

Executives

Li Yan	2201 Interest of corporation controlled by you
Liu Quanxiang	2201 Interest of corporation controlled by you
Xu Xin	2201 Interest of corporation controlled by you
Grand Sailing Limited	2201 Interest of corporation controlled by you
Lecang Altitude Limited	2101 Beneficial owner
Glorious Sailing Limited	2101 Beneficial owner
Lecang Flourishing Limited	2101 Beneficial owner
Spring Wealth Limited	2201 Interest of corporation controlled by you
Lecang Shining Limited	2101 Beneficial owner
Peace Seaworld Limited	2201 Interest of corporation controlled by you

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