Chengdu Hongqi Chain Co (SZSE:002697) Long-Term Capital Lease Obligation : ¥502 Mil (As of Mar. 2024)

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What is Chengdu Hongqi Chain Co Long-Term Capital Lease Obligation?

Chengdu Hongqi Chain Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥502 Mil.

Chengdu Hongqi Chain Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥556 Mil) to Dec. 2023 (¥508 Mil) and declined from Dec. 2023 (¥508 Mil) to Mar. 2024 (¥502 Mil).

Chengdu Hongqi Chain Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥890 Mil) to Dec. 2022 (¥663 Mil) and declined from Dec. 2022 (¥663 Mil) to Dec. 2023 (¥508 Mil).

Chengdu Hongqi Chain Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chengdu Hongqi Chain 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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Chengdu Hongqi Chain Co Long-Term Capital Lease Obligation Chart

Chengdu Hongqi Chain Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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752.59

889.52

662.52

507.77

Chengdu Hongqi Chain 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															577.07	552.89	555.77	507.77	502.42

Chengdu Hongqi Chain Co (SZSE:002697) 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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Chengdu Hongqi Chain Co (SZSE:002697) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Chengdu Hongqi Chain Co Ltd (SZSE:002697) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.7, Dikang Avenue, High-tech Zone, West District, Sichuan, Chengdu, CHN, 611731

Website

http://www.hqls.com.cn

Chengdu Hongqi Chain Co Ltd is engaged in operating supermarket chain.

Executives

Zhang Ying	Directors, executives
Wang Ning	Executives
Hong Fan	Executives
Chen Hui Jun	Executives
Tan Lei	Executives
Yang Yuan Bin	Executives
Li Xiao Ping	Executives
Yi Wei	Supervisors
Tang Shi Chuan	Supervisors
Cao Shi Ru	Directors, executives
Deng Cheng Gang	Executives
Yu Shi	Executives

Chengdu Hongqi Chain Co (SZSE:002697) Headlines

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