China MeiDong Auto Holdings (HKSE:01268) Long-Term Capital Lease Obligation : HK$1,327 Mil (As of Dec. 2023)

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What is China MeiDong Auto Holdings Long-Term Capital Lease Obligation?

China MeiDong Auto Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,327 Mil.

China MeiDong Auto Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$1,441 Mil) to Jun. 2023 (HK$1,380 Mil) and declined from Jun. 2023 (HK$1,380 Mil) to Dec. 2023 (HK$1,327 Mil).

China MeiDong Auto Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$1,420 Mil) to Dec. 2022 (HK$1,441 Mil) but then declined from Dec. 2022 (HK$1,441 Mil) to Dec. 2023 (HK$1,327 Mil).

China MeiDong Auto Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for China MeiDong Auto Holdings'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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China MeiDong Auto Holdings Long-Term Capital Lease Obligation Chart

China MeiDong Auto Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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808.06

1,346.62

1,420.35

1,441.26

1,326.99

China MeiDong Auto Holdings 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															1,420.35	1,514.39	1,441.26	1,380.09	1,326.99

China MeiDong Auto Holdings (HKSE:01268) 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 MeiDong Auto Holdings (HKSE:01268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China MeiDong Auto Holdings Ltd (HKSE:01268) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CMEIF:USA 55M:Germany

Address

13th Floor, Unit A1, Huangjin Road, Tian An Tech Industry Building, Nancheng, Guangdong, Dongguan, CHN

Website

http://www.meidongauto.com

China MeiDong Auto Holdings Ltd is an investment holding company, which is engaged in the sale of automobiles and the provision of integrated services. The group operates 4S dealership stores covering world-renowned brands which are popular among Chinese consumers, including BMW, Lexus, Toyota and Hyundai, and others. It derives revenue primarily from the sale of passenger vehicles and by providing after-sales services and geographically all the operations function through the region of China.

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