CMST Development Co (SHSE:600787) Long-Term Capital Lease Obligation : ¥154 Mil (As of Mar. 2024)

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What is CMST Development Co Long-Term Capital Lease Obligation?

CMST Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥154 Mil.

CMST Development Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥119 Mil) to Dec. 2023 (¥104 Mil) but then increased from Dec. 2023 (¥104 Mil) to Mar. 2024 (¥154 Mil).

CMST Development Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥28 Mil) to Dec. 2022 (¥86 Mil) and increased from Dec. 2022 (¥86 Mil) to Dec. 2023 (¥104 Mil).

CMST Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for CMST Development 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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CMST Development Co Long-Term Capital Lease Obligation Chart

CMST Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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57.02

28.03

86.04

103.81

CMST Development 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															116.72	114.62	118.55	103.81	154.01

CMST Development Co (SHSE:600787) 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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CMST Development Co (SHSE:600787) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CMST Development Co Ltd (SHSE:600787) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.188 Western Road of South 4th Ring Road, 18th Building of 6th section, Fengtai District, Beijing, CHN, 100070

Website

http://www.cmstd.com.cn

CMST Development Co Ltd provides logistics services. The company has modern logistics distribution centres in Beijing, Shanghai, Tianjin, Jiangsu, Zhejiang, Shandong, Hubei, Hunan, Guangdong, Sichuan, Hebei, Henan, Shaanxi, and Liaoning. It provides the following services: Warehouse and storage, Transportation and distribution, International freight forwarding, Movable assets supervision, logistics plan design, and processing and manufacturing.

Executives

Peng Xi De	senior management
Li Yong Zhao	Director
Li Da Wei	senior management
Wang Yong	senior management
Wang Hai Bin	Directors, senior managers
Ma De Yin	Director
Wei Guang	Director
Han Tie Lin	Director
Zhou Xiao Hong	Supervisors
Wang Xue Ming	Director
Xue Bin	senior management
Zhao Xiao Hong	Director
Dong Xu	senior management
Ceng Yong	senior management
Xie Jing Fu	Director

CMST Development Co (SHSE:600787) Headlines

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