Lijiang Yulong Tourism Co (SZSE:002033) Long-Term Capital Lease Obligation : ¥8.5 Mil (As of Mar. 2024)

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What is Lijiang Yulong Tourism Co Long-Term Capital Lease Obligation?

Lijiang Yulong Tourism Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8.5 Mil.

Lijiang Yulong Tourism Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥8.8 Mil) to Dec. 2023 (¥8.0 Mil) but then increased from Dec. 2023 (¥8.0 Mil) to Mar. 2024 (¥8.5 Mil).

Lijiang Yulong Tourism Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥5.8 Mil) to Dec. 2022 (¥8.8 Mil) but then declined from Dec. 2022 (¥8.8 Mil) to Dec. 2023 (¥8.0 Mil).

Lijiang Yulong Tourism Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lijiang Yulong Tourism 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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Lijiang Yulong Tourism Co Long-Term Capital Lease Obligation Chart

Lijiang Yulong Tourism Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.44

5.79

8.83

8.00

Lijiang Yulong Tourism 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															8.94	9.04	8.81	8.00	8.51

Lijiang Yulong Tourism Co (SZSE:002033) 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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Lijiang Yulong Tourism Co (SZSE:002033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lijiang Yulong Tourism Co Ltd (SZSE:002033) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 760, Xianggeli Avenue, Lijiang Yulong Tourism Building, Gucheng District, Yunnan Province, Lijiang, CHN, 674100

Website

http://www.yulongtour.com

Lijiang Yulong Tourism Co Ltd is a comprehensive tourism group enterprise. It generally covers ropeway services, eco-car transportation, tourism souvenir development, hotel services, cultural performances, catering services, travel agencies and research and development of biological resources. Further, it is also involved in providing cableway services and other ancillary services. Geographically, the activities are carried out through the region of China.

Executives

Deng Li Xing	Supervisors
Yang Ning	Directors, executives
Liu Xiao Hua	Directors, executives
Wang Xia	Supervisors, within half a year of separation
Hao Gang	Supervisors

Lijiang Yulong Tourism Co (SZSE:002033) Headlines

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