Beijing Cuiwei Tower Co (SHSE:603123) Long-Term Capital Lease Obligation : ¥962 Mil (As of Mar. 2024)

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What is Beijing Cuiwei Tower Co Long-Term Capital Lease Obligation?

Beijing Cuiwei Tower Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥962 Mil.

Beijing Cuiwei Tower Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥900 Mil) to Dec. 2023 (¥981 Mil) but then declined from Dec. 2023 (¥981 Mil) to Mar. 2024 (¥962 Mil).

Beijing Cuiwei Tower Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥678 Mil) to Dec. 2022 (¥1,006 Mil) but then declined from Dec. 2022 (¥1,006 Mil) to Dec. 2023 (¥981 Mil).

Beijing Cuiwei Tower Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Beijing Cuiwei Tower 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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Beijing Cuiwei Tower Co Long-Term Capital Lease Obligation Chart

Beijing Cuiwei Tower Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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851.11

677.53

1,005.89

980.60

Beijing Cuiwei Tower 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															971.74	938.16	899.56	980.60	961.70

Beijing Cuiwei Tower Co (SHSE:603123) 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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Beijing Cuiwei Tower Co (SHSE:603123) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Beijing Cuiwei Tower Co Ltd (SHSE:603123) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 33, Fuxing Road, Haidian District, Beijing, CHN, 100036

Website

http://www.cwjt.com

Beijing Cuiwei Tower Co Ltd is engaged in department stores retail business. Its retailing products mainly include cosmetics, household appliances, and supermarket products. The company has three major commercial brands, namely Cuiwei Department Store, Contemporary Mall and Ganjiakou Department Store, and seven large department stores, which integrates department store, supermarket, catering, leisure and entertainment, and other urban quality life services.

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