Zhejiang Leapmotor Technology Co (HKSE:09863) Long-Term Capital Lease Obligation : HK$216 Mil (As of Dec. 2023)

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What is Zhejiang Leapmotor Technology Co Long-Term Capital Lease Obligation?

Zhejiang Leapmotor Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$216 Mil.

Zhejiang Leapmotor Technology Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$579 Mil) to Jun. 2023 (HK$280 Mil) and declined from Jun. 2023 (HK$280 Mil) to Dec. 2023 (HK$216 Mil).

Zhejiang Leapmotor Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$20 Mil) to Dec. 2022 (HK$579 Mil) but then declined from Dec. 2022 (HK$579 Mil) to Dec. 2023 (HK$216 Mil).

Zhejiang Leapmotor Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Leapmotor Technology 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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Zhejiang Leapmotor Technology Co Long-Term Capital Lease Obligation Chart

Zhejiang Leapmotor Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

6.15

206.01

20.04

579.50

215.88

Zhejiang Leapmotor Technology Co Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			20.04	-	579.50	280.21	215.88

Zhejiang Leapmotor Technology Co (HKSE:09863) 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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Zhejiang Leapmotor Technology Co (HKSE:09863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Leapmotor Technology Co Ltd (HKSE:09863) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 451 Wulianwang Street, 1st Floor, Binjiang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.leapmotor.com

Zhejiang Leapmotor Technology Co Ltd is principally engaged in the production, research and development and sales of new energy vehicles in the PRC.

Executives

Chen Ailing	2202 Interest of your spouse
Fu Liquan	2201 Interest of corporation controlled by you
Liu Yunzhen	2202 Interest of your spouse
Zhu Jiangming	2103 Interests held jointly with another person
Fu Yiqin	2201 Interest of corporation controlled by you
Guo Xin Zheng Quan Gu Fen You Xian Gong Si	2501 Other
Ning Bo Hua Ling Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Stellantis N.v.	2101 Beneficial owner
Chen Ailing	2103 Interests held jointly with another person
Fu Liquan	2103 Interests held jointly with another person
Liu Yunzhen	2202 Interest of your spouse
Zhu Jiangming	2103 Interests held jointly with another person
Fu Yiqin	2201 Interest of corporation controlled by you
Hang Zhou Guo Shun Ling Pao Gu Quan Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner

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