China CYTS Tours Holding Co (SHSE:600138) Long-Term Capital Lease Obligation : ¥539 Mil (As of Mar. 2024)

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What is China CYTS Tours Holding Co Long-Term Capital Lease Obligation?

China CYTS Tours Holding Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥539 Mil.

China CYTS Tours Holding Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥634 Mil) to Dec. 2023 (¥608 Mil) and declined from Dec. 2023 (¥608 Mil) to Mar. 2024 (¥539 Mil).

China CYTS Tours Holding Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥923 Mil) to Dec. 2022 (¥794 Mil) and declined from Dec. 2022 (¥794 Mil) to Dec. 2023 (¥608 Mil).

China CYTS Tours Holding Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China CYTS Tours Holding 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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China CYTS Tours Holding Co Long-Term Capital Lease Obligation Chart

China CYTS Tours Holding Co Annual Data

Trend

Dec14

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Dec20

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Dec23

Long-Term Capital Lease Obligation

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1,008.62

922.90

794.46

608.05

China CYTS Tours Holding Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															738.78	659.27	634.12	608.05	538.79

China CYTS Tours Holding Co (SHSE:600138) 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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China CYTS Tours Holding Co (SHSE:600138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China CYTS Tours Holding Co Ltd (SHSE:600138) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Dongzhimen South Street, Zhongyuelv Building, Dongcheng District, Beijing, CHN, 100007

Website

http://www.cytsonline.com

China CYTS Tours Holding Co Ltd is a China-based company engaged in the tourism services industry. It provides services including holiday booking services, the domestic tourist resort, island tourist resort and other services and benefits. The company provides tourism services which include both the domestic and international tour vacations.

Executives

Yuan Hao	senior management
Ding Yuan Wei	Director
Yin Xing Fu	Director
Liu Guang Ming	Director
Zhang Li Jun	Director

China CYTS Tours Holding Co (SHSE:600138) Headlines

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