Jardine Cycle & Carriage (Jardine Cycle & Carriage) Long-Term Capital Lease Obligation : $179 Mil (As of Dec. 2023)

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What is Jardine Cycle & Carriage Long-Term Capital Lease Obligation?

Jardine Cycle & Carriage's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $179 Mil.

Jardine Cycle & Carriage's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($88 Mil) to Jun. 2023 ($226 Mil) but then declined from Jun. 2023 ($226 Mil) to Dec. 2023 ($179 Mil).

Jardine Cycle & Carriage's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($64 Mil) to Dec. 2022 ($88 Mil) and increased from Dec. 2022 ($88 Mil) to Dec. 2023 ($179 Mil).

Jardine Cycle & Carriage Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jardine Cycle & Carriage'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.

* Premium members only.

Jardine Cycle & Carriage Long-Term Capital Lease Obligation Chart

Jardine Cycle & Carriage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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93.70

79.70

64.40

87.60

178.70

Jardine Cycle & Carriage Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															64.40	56.00	87.60	226.20	178.70

Jardine Cycle & Carriage (OTCPK:JCYGY) 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.

Jardine Cycle & Carriage Long-Term Capital Lease Obligation Related Terms

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Jardine Cycle & Carriage (Jardine Cycle & Carriage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jardine Cycle & Carriage Ltd (OTCPK:JCYGY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

JCYCF:USA C07:Singapore CYC:Germany

Address

239 Alexandra Road, Singapore, SGP, 159930

Website

https://www.jcclgroup.com

Jardine Cycle & Carriage Ltd is a conglomerate focused on investments in the manufacture and distribution of motor vehicles in Southeast Asia. The company operates through three segments: Astra, direct motor interests, and other interests. The Astra segment includes the company's controlling interest in Astra International, an automotive group in Southeast Asia. Direct motor interests include automotive operations in Singapore, Malaysia, Myanmar, Indonesia, and Vietnam. The Other Strategic interests segment includes Southeast Asia investments in Siam City Cement and Refrigeration Electrical Engineering Corporation.

Jardine Cycle & Carriage (Jardine Cycle & Carriage) Headlines

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Third Avenue Comments on Jardine Cycle & Carriage

By Sydnee Gatewood Sydnee Gatewood • 04-22-2021