Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) Long-Term Capital Lease Obligation : ¥8,075 Mil (As of Mar. 2024)

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What is Shanghai Jin Jiang International Hotel (Group) Co Long-Term Capital Lease Obligation?

Shanghai Jin Jiang International Hotel (Group) Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8,075 Mil.

Shanghai Jin Jiang International Hotel (Group) Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥8,132 Mil) to Dec. 2023 (¥8,316 Mil) but then declined from Dec. 2023 (¥8,316 Mil) to Mar. 2024 (¥8,075 Mil).

Shanghai Jin Jiang International Hotel (Group) Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥8,627 Mil) to Dec. 2022 (¥8,323 Mil) and declined from Dec. 2022 (¥8,323 Mil) to Dec. 2023 (¥8,316 Mil).

Shanghai Jin Jiang International Hotel (Group) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Jin Jiang International Hotel (Group) 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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Shanghai Jin Jiang International Hotel (Group) Co Long-Term Capital Lease Obligation Chart

Shanghai Jin Jiang International Hotel (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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9,821.37

8,626.74

8,323.02

8,315.73

Shanghai Jin Jiang International Hotel (Group) 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															8,250.23	8,253.16	8,131.78	8,315.73	8,075.11

Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) 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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Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shanghai Jin Jiang International Hotel (Group) Co Ltd (SHSE:600754) » Definitions » Long-Term Capital Lease Obligation

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900934:China

Address

No. 100 Yan an East Road, 26th Floor, Union Building, Shanghai, CHN

Website

http://www.jinjianghotels.com.cn

Shanghai Jin Jiang International Hotel (Group) Co Ltd is one of the leading hotel group in China, engaged in hotel operation and management, franchising, and the businesses of restaurants, transportation, logistics, and travel agency. The group operates a wide range of hotels, including full-service hotels and select service hotels.

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