CTS International Logistics (SHSE:603128) Long-Term Capital Lease Obligation : ¥130 Mil (As of Mar. 2024)

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What is CTS International Logistics Long-Term Capital Lease Obligation?

CTS International Logistics's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥130 Mil.

CTS International Logistics's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥114 Mil) to Dec. 2023 (¥126 Mil) and increased from Dec. 2023 (¥126 Mil) to Mar. 2024 (¥130 Mil).

CTS International Logistics's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥82 Mil) to Dec. 2022 (¥111 Mil) and increased from Dec. 2022 (¥111 Mil) to Dec. 2023 (¥126 Mil).

CTS International Logistics Long-Term Capital Lease Obligation Historical Data

The historical data trend for CTS International Logistics'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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CTS International Logistics Long-Term Capital Lease Obligation Chart

CTS International Logistics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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44.22

81.65

111.31

126.48

CTS International Logistics 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															98.09	128.04	113.82	126.48	129.59

CTS International Logistics (SHSE:603128) 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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CTS International Logistics (SHSE:603128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTS International Logistics Corp Ltd (SHSE:603128) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

20th Floor, Tian An Center, No. 338 Nanjing Xi Road, Shanghai, CHN, 200003

Website

http://www.ctsfreight.com

CTS International Logistics Corp Ltd operates in the logistics industry. The company mainly focuses on cross-border comprehensive logistics and supply chain trade services. It provides air freight, ocean freight, multi transportation, project logistics, supply chain trading, warehousing and cross-border logistics services.

Executives

Chen Yu	Director
Jiang Bo	senior management
Yu Yong Qian	senior management
Liu Qing Wu	senior management
Cai Xian Zhong	senior management
Mao Ning	Director
Tang Guo Liang	Supervisors
Miao Yue Dong	senior management
Zhou Xu Qing	Director
Chen Wei Xing	senior management
Lin Shi Kuan	senior management
Guo Zhen Ming	Director
Dong Wei Zhong	Supervisors

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