Yixin Group (HKSE:02858) Long-Term Capital Lease Obligation : HK$11 Mil (As of Dec. 2023)

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What is Yixin Group Long-Term Capital Lease Obligation?

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

Yixin Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$7 Mil) to Jun. 2023 (HK$6 Mil) but then increased from Jun. 2023 (HK$6 Mil) to Dec. 2023 (HK$11 Mil).

Yixin Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$9 Mil) to Dec. 2022 (HK$7 Mil) but then increased from Dec. 2022 (HK$7 Mil) to Dec. 2023 (HK$11 Mil).

Yixin Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Yixin 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.

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Yixin Group Long-Term Capital Lease Obligation Chart

Yixin Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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19.03

12.97

9.33

6.68

10.51

Yixin Group Semi-Annual Data
	Dec14	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													9.33	5.51	6.68	6.30	10.51

Yixin Group (HKSE:02858) 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.

Yixin Group Long-Term Capital Lease Obligation Related Terms

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Yixin Group (HKSE:02858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Yixin Group Ltd (HKSE:02858) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

1YX:Germany

Address

No. 365 Linhong Road, 1 North, Zhongguancun Hongqiao Innovation Center, Changning District, Shanghai, CHN

Website

http://www.yixincars.com

Yixin Group Ltd is an online automobile retail transaction platform in China. The company operates in two segments namely Transaction platform services and Self-operated financing business. The transaction platform segment is comprised of facilitation and value-added services, and advertising and subscription services. Self-operated financing segment comprises financing lease services and operating lease services. The company generates a majority of its revenue from the Self-operated financing business.

Executives

Zhang Xuan	2101 Beneficial owner
Jd.com Investment Limited	2201 Interest of corporation controlled by you
Jd.com, Inc.	2201 Interest of corporation controlled by you
Liu Qiangdong Richard	2305 Beneficiary of a trust
Max Smart Limited	2201 Interest of corporation controlled by you
Jd Financial Investment Limited	2101 Beneficial owner
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Tsang Ling Kay Rodney	2501 Other
Tencent Holdings Limited	2201 Interest of corporation controlled by you
Hammer Capital Opportunities Fund L.p.	2201 Interest of corporation controlled by you
Cheung Siu Fai	2201 Interest of corporation controlled by you
Cheng Chi Kong	2201 Interest of corporation controlled by you
Woodbury Capital Management Limited	2201 Interest of corporation controlled by you
Silver Oryx Limited	2201 Interest of corporation controlled by you
Hammer Capital Partners Ltd.	2201 Interest of corporation controlled by you

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