Li & Fung (Li & Fung) Long-Term Capital Lease Obligation : $298 Mil (As of Dec. 2019)

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What is Li & Fung Long-Term Capital Lease Obligation?

Li & Fung's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2019 was $298 Mil.

Li & Fung's quarterly Long-Term Capital Lease Obligation increased from Dec. 2018 ($291 Mil) to Jun. 2019 ($295 Mil) and increased from Jun. 2019 ($295 Mil) to Dec. 2019 ($298 Mil).

Li & Fung's annual Long-Term Capital Lease Obligation declined from Dec. 2017 ($321 Mil) to Dec. 2018 ($291 Mil) but then increased from Dec. 2018 ($291 Mil) to Dec. 2019 ($298 Mil).

Li & Fung Long-Term Capital Lease Obligation Historical Data

The historical data trend for Li & Fung'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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Li & Fung Long-Term Capital Lease Obligation Chart

Li & Fung Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Long-Term Capital Lease Obligation

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320.92

291.16

298.27

Li & Fung Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															320.92	-	291.16	294.70	298.27

Li & Fung (OTCPK:LFUGF) 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.

Li & Fung Long-Term Capital Lease Obligation Related Terms

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Li & Fung (Li & Fung) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Li & Fung Ltd (OTCPK:LFUGF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Victoria Street, Victoria Place, 5th Floor, Hamilton, BMU, HM 10

Website

https://www.lifung.com

Li & Fung Ltd is a supply-chain manager that serves retailers globally with sourcing and logistics services. The company's operating segment includes Services and Products. It generates maximum revenue from the Services segment. The Services segment consists of Supply Chain Solutions and Logistics businesses. Its Products segment consists of the Onshore Wholesale business and the three Product Verticals (furniture, beauty, and sweaters) representing its principal-to-principal business. Geographically, it derives a majority of revenue from the United States of America.

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