China Resources Beer (Holdings) Co (HKSE:00291) Long-Term Capital Lease Obligation : HK$97 Mil (As of Dec. 2023)

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What is China Resources Beer (Holdings) Co Long-Term Capital Lease Obligation?

China Resources Beer (Holdings) Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$97 Mil.

China Resources Beer (Holdings) Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$66 Mil) to Jun. 2023 (HK$65 Mil) but then increased from Jun. 2023 (HK$65 Mil) to Dec. 2023 (HK$97 Mil).

China Resources Beer (Holdings) Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$73 Mil) to Dec. 2022 (HK$66 Mil) but then increased from Dec. 2022 (HK$66 Mil) to Dec. 2023 (HK$97 Mil).

China Resources Beer (Holdings) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Resources Beer (Holdings) 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.

* Premium members only.

China Resources Beer (Holdings) Co Long-Term Capital Lease Obligation Chart

China Resources Beer (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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137.98

138.70

73.47

65.89

97.35

China Resources Beer (Holdings) Co 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															73.47	75.02	65.89	64.53	97.35

China Resources Beer (Holdings) Co (HKSE:00291) 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 Resources Beer (Holdings) Co (HKSE:00291) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » China Resources Beer (Holdings) Co Ltd (HKSE:00291) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CRHKY:USA CHK:Germany

Address

No. 26 Harbour Road, Room 2301 and 2310, 23rd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crbeer.com.hk

China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company retains its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 24%, versus 18% of Tsingtao and 16% of Budweiser APAC, based on Euromonitor data.

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