Air China (SHSE:601111) Long-Term Capital Lease Obligation : ¥62,416 Mil (As of Mar. 2024)

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What is Air China Long-Term Capital Lease Obligation?

Air China's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥62,416 Mil.

Air China's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥68,640 Mil) to Dec. 2023 (¥64,054 Mil) and declined from Dec. 2023 (¥64,054 Mil) to Mar. 2024 (¥62,416 Mil).

Air China's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥76,347 Mil) to Dec. 2022 (¥76,897 Mil) but then declined from Dec. 2022 (¥76,897 Mil) to Dec. 2023 (¥64,054 Mil).

Air China Long-Term Capital Lease Obligation Historical Data

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

Air China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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86,586.35

76,098.68

76,347.05

76,897.35

64,053.97

Air China 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															79,997.28	73,207.45	68,640.09	64,053.97	62,415.77

Air China (SHSE:601111) 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.

Air China Long-Term Capital Lease Obligation Related Terms

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Air China (SHSE:601111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air China Ltd (SHSE:601111) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

AIRYY:USA AICAF:USA 00753:Hong Kong AD2:Germany AD2:Austria

Address

30 Tianzhu Road, Airport Industrial Zone, Blue Sky Mansion, Shunyi District, Beijing, CHN, 101312

Website

http://www.airchina.com.cn

Air China is based in Beijing. It is one of the largest state-owned airlines and the flag carrier in China. The group operated a fleet of 762 aircraft as of 2022 and carried more than 115 million passengers in prepandemic 2019. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs such as Beijing, Chengdu, and Shanghai. The group's route network extends to over 187 destinations and 43 countries and regions.

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