China Yongda Automobiles Services Holdings (HKSE:03669) Long-Term Capital Lease Obligation : HK$1,435 Mil (As of Jun. 2023)

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What is China Yongda Automobiles Services Holdings Long-Term Capital Lease Obligation?

China Yongda Automobiles Services Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$1,435 Mil.

China Yongda Automobiles Services Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (HK$1,997 Mil) to Dec. 2022 (HK$1,685 Mil) and declined from Dec. 2022 (HK$1,685 Mil) to Jun. 2023 (HK$1,435 Mil).

China Yongda Automobiles Services Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (HK$2,074 Mil) to Dec. 2021 (HK$2,319 Mil) but then declined from Dec. 2021 (HK$2,319 Mil) to Dec. 2022 (HK$1,685 Mil).

China Yongda Automobiles Services Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Yongda Automobiles Services 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 Yongda Automobiles Services Holdings Long-Term Capital Lease Obligation Chart

China Yongda Automobiles Services Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,845.63

2,073.55

2,319.23

1,684.81

1,567.52

China Yongda Automobiles Services 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															2,319.23	1,997.48	1,684.81	1,434.54	1,567.52

China Yongda Automobiles Services Holdings (HKSE:03669) 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 Yongda Automobiles Services Holdings (HKSE:03669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Yongda Automobiles Services Holdings Ltd (HKSE:03669) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CYYHF:USA 1CY:Germany

Address

The Center, 99 Queen’s Road Central, Unit 5708, 57th Floor, Central, Hong Kong, HKG

Website

http://www.ydauto.com.cn

China Yongda Automobiles Services Holdings Ltd is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company's reportable segments are as follows, 1) Passenger vehicle sales and services which includes the sale of passenger vehicles and provision of after-sales services, including repair and maintenance services, certain auxiliary passenger vehicles sales-related services and provision of other passenger vehicles-related services; and 2) Automobile operating lease services. The majority of the company's revenue is earned through the Passenger vehicle sales and services segment.

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