Jiangling Motors (SZSE:000550) Long-Term Capital Lease Obligation : ¥69 Mil (As of Mar. 2024)

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What is Jiangling Motors Long-Term Capital Lease Obligation?

Jiangling Motors's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥69 Mil.

Jiangling Motors's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥134 Mil) to Dec. 2023 (¥138 Mil) but then declined from Dec. 2023 (¥138 Mil) to Mar. 2024 (¥69 Mil).

Jiangling Motors's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥263 Mil) to Dec. 2022 (¥193 Mil) and declined from Dec. 2022 (¥193 Mil) to Dec. 2023 (¥138 Mil).

Jiangling Motors Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiangling Motors'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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Jiangling Motors Long-Term Capital Lease Obligation Chart

Jiangling Motors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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22.59

19.00

263.41

193.09

138.01

Jiangling Motors 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															135.94	134.28	133.90	138.01	69.16

Jiangling Motors (SZSE:000550) 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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Jiangling Motors (SZSE:000550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangling Motors Corp Ltd (SZSE:000550) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

200550:China

Address

No. 509, Northern Yingbin Avenue, Jiangxi Province, Nanchang, CHN, 330001

Website

http://www.jmc.com.cn

Jiangling Motors Corp Ltd is an automobile manufacturing company domiciled in China. The company principally manufactures light commercial vehicles such as vans and pickup trucks, heavy commercial vehicles including heavy-duty trucks, sport utility vehicles, engines, castings, and related vehicle components. It derives the vast majority of revenue from commercial vehicles and SUVs. Jiangling Motors produces vehicles under the JMC, Yusheng, and Ford brands. The company earns revenue almost entirely domestically.

Executives

Zhu Shui Xing	Executives
Tu Hong Feng	Executives
Xu Lan Feng	Supervisors

Jiangling Motors (SZSE:000550) Headlines

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