Meituan (HKSE:03690) Long-Term Capital Lease Obligation : HK$3,936 Mil (As of Dec. 2023)

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What is Meituan Long-Term Capital Lease Obligation?

Meituan's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3,936 Mil.

Meituan's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (HK$3,202 Mil) to Sep. 2023 (HK$3,662 Mil) and increased from Sep. 2023 (HK$3,662 Mil) to Dec. 2023 (HK$3,936 Mil).

Meituan's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$3,666 Mil) to Dec. 2022 (HK$3,577 Mil) but then increased from Dec. 2022 (HK$3,577 Mil) to Dec. 2023 (HK$3,936 Mil).

Meituan Long-Term Capital Lease Obligation Historical Data

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

Meituan Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,104.11

1,953.60

3,666.33

3,577.02

3,935.69

Meituan Quarterly Data
	Apr18	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3,577.02	3,493.26	3,202.27	3,662.22	3,935.69

Meituan (HKSE:03690) 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.

Meituan Long-Term Capital Lease Obligation Related Terms

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Meituan (HKSE:03690) Business Description

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Address

No. 4 Wang Jing East Road, Block B and C, Hengjiweiye Building, Chaoyang District, Beijing, CHN, 100102

Website

https://about.meituan.com

Meituan is the largest food delivery service in China, with a 70.7% share of the market in 2020 per the Chinese government. For the quarter-ended Sept. 30, 2021, the firm generated 54.2% of revenue from food delivery services, 17.7% from hotel booking, coupon sales, advertising, and 28.1% from new initiatives. In the long term, its new initiatives business may transform the company into an all-encompassing grocer and logistics business involving community group buying, nonfood delivery, and online grocery, overtaking food delivery as its main business.

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