Shanghai Jiao Yun Group Co (SHSE:600676) Long-Term Capital Lease Obligation : ¥522 Mil (As of Mar. 2024)

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What is Shanghai Jiao Yun Group Co Long-Term Capital Lease Obligation?

Shanghai Jiao Yun Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥522 Mil.

Shanghai Jiao Yun Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥594 Mil) to Dec. 2023 (¥523 Mil) and declined from Dec. 2023 (¥523 Mil) to Mar. 2024 (¥522 Mil).

Shanghai Jiao Yun Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥521 Mil) to Dec. 2022 (¥613 Mil) but then declined from Dec. 2022 (¥613 Mil) to Dec. 2023 (¥523 Mil).

Shanghai Jiao Yun Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Jiao Yun Group 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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Shanghai Jiao Yun Group Co Long-Term Capital Lease Obligation Chart

Shanghai Jiao Yun Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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553.90

521.06

612.95

522.99

Shanghai Jiao Yun Group 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															581.32	584.99	594.06	522.99	521.67

Shanghai Jiao Yun Group Co (SHSE:600676) 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.

Shanghai Jiao Yun Group Co Long-Term Capital Lease Obligation Related Terms

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Shanghai Jiao Yun Group Co (SHSE:600676) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Jiao Yun Group Co Ltd (SHSE:600676) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 239, Mindong Road, Room 101, Building 6, Caolu Industrial Park, Pudong New Area, Shanghai, CHN, 200070

Website

http://www.jygf.cn

Shanghai Jiao Yun Group Co Ltd manufactures automobile spare parts as its primary business activity. It provides services pertaining to the automobile industry. The company also operates in modern logistics industry & passenger tourism.

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