Tsingtao Brewery Co (STU:TSI) Long-Term Capital Lease Obligation : €9 Mil (As of Mar. 2024)

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What is Tsingtao Brewery Co Long-Term Capital Lease Obligation?

Tsingtao Brewery Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €9 Mil.

Tsingtao Brewery Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€10 Mil) to Dec. 2023 (€8 Mil) but then increased from Dec. 2023 (€8 Mil) to Mar. 2024 (€9 Mil).

Tsingtao Brewery Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€16 Mil) to Dec. 2022 (€13 Mil) and declined from Dec. 2022 (€13 Mil) to Dec. 2023 (€8 Mil).

Tsingtao Brewery Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tsingtao Brewery 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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Tsingtao Brewery Co Long-Term Capital Lease Obligation Chart

Tsingtao Brewery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.81

14.56

15.67

13.32

8.14

Tsingtao Brewery 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															12.26	10.68	9.61	8.14	8.57

Tsingtao Brewery Co (STU:TSI) 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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Tsingtao Brewery Co (STU:TSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tsingtao Brewery Co Ltd (STU:TSI) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

TSGTY:USA TSGTF:USA 00168:Hong Kong 600600:China

Address

No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071

Website

https://www.tsingtao.com

With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.