RenRenLe Commercial Group Co (SZSE:002336) Long-Term Capital Lease Obligation : ¥1,556 Mil (As of Mar. 2024)

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What is RenRenLe Commercial Group Co Long-Term Capital Lease Obligation?

RenRenLe Commercial Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,556 Mil.

RenRenLe Commercial Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥1,702 Mil) to Dec. 2023 (¥1,627 Mil) and declined from Dec. 2023 (¥1,627 Mil) to Mar. 2024 (¥1,556 Mil).

RenRenLe Commercial Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥2,211 Mil) to Dec. 2022 (¥1,872 Mil) and declined from Dec. 2022 (¥1,872 Mil) to Dec. 2023 (¥1,627 Mil).

RenRenLe Commercial Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for RenRenLe Commercial 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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RenRenLe Commercial Group Co Long-Term Capital Lease Obligation Chart

RenRenLe Commercial Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,210.69

1,872.30

1,626.79

RenRenLe Commercial 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															1,826.54	1,739.85	1,701.75	1,626.79	1,556.03

RenRenLe Commercial Group Co (SZSE:002336) 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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RenRenLe Commercial Group Co (SZSE:002336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » RenRenLe Commercial Group Co Ltd (SZSE:002336) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

North side of Zhoushi Road, Shiyan Street, Baoan District, Guangdong, Shenzhen, CHN

Website

http://www.renrenle.cn

RenRenLe Commercial Group Co Ltd., located in China, is in the business is of operating hypermarkets, supermarkets, and department stores. The company's main business is hypermarket, Le Super high-end boutique supermarket, Renren music department store, online shopping life supermarket. Geographically the activities are carried out through China.

Executives

Hou Yan Kui	Directors, executives
He Jin Ming	Executives, directors
Song Qi	Directors, executives

RenRenLe Commercial Group Co (SZSE:002336) Headlines

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