China Express Airlines Co (SZSE:002928) Long-Term Capital Lease Obligation : ¥7,351 Mil (As of Mar. 2024)

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What is China Express Airlines Co Long-Term Capital Lease Obligation?

China Express Airlines Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7,351 Mil.

China Express Airlines Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥6,993 Mil) to Dec. 2023 (¥6,896 Mil) but then increased from Dec. 2023 (¥6,896 Mil) to Mar. 2024 (¥7,351 Mil).

China Express Airlines Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥5,963 Mil) to Dec. 2022 (¥6,845 Mil) and increased from Dec. 2022 (¥6,845 Mil) to Dec. 2023 (¥6,896 Mil).

China Express Airlines Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Express Airlines 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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China Express Airlines Co Long-Term Capital Lease Obligation Chart

China Express Airlines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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6,450.97

5,962.85

6,844.60

6,895.72

China Express Airlines 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															6,554.11	7,107.86	6,992.77	6,895.72	7,350.62

China Express Airlines Co (SZSE:002928) 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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China Express Airlines Co (SZSE:002928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Express Airlines Co Ltd (SZSE:002928) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3F, Annex Building, Airport Hotel, Longdongbao Airport, Guizhou Province, Nanming District, Guiyang, CHN, 550012

Website

https://www.chinaexpressair.com

China Express Airlines Co Ltd is a China-based company operates in the regional aviation business. It is the only independent airline long-term focused on regional aviation in China. The business activities of the group are functioned through five operation bases located in Guiyang, Chongqing, Dalian, Inner Mongolia, and Xi'an.

Executives

Li San Sheng

Executives

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