Nanjing Central Emporium Group Stocks Co (SHSE:600280) Long-Term Capital Lease Obligation : ¥643 Mil (As of Mar. 2024)

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What is Nanjing Central Emporium Group Stocks Co Long-Term Capital Lease Obligation?

Nanjing Central Emporium Group Stocks Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥643 Mil.

Nanjing Central Emporium Group Stocks Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥693 Mil) to Dec. 2023 (¥657 Mil) and declined from Dec. 2023 (¥657 Mil) to Mar. 2024 (¥643 Mil).

Nanjing Central Emporium Group Stocks Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥1,044 Mil) to Dec. 2022 (¥918 Mil) and declined from Dec. 2022 (¥918 Mil) to Dec. 2023 (¥657 Mil).

Nanjing Central Emporium Group Stocks Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nanjing Central Emporium Group Stocks 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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Nanjing Central Emporium Group Stocks Co Long-Term Capital Lease Obligation Chart

Nanjing Central Emporium Group Stocks Co Annual Data

Trend

Dec14

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Dec22

Dec23

Long-Term Capital Lease Obligation

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991.69

1,044.40

917.59

656.72

Nanjing Central Emporium Group Stocks 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															908.09	700.52	692.71	656.72	642.59

Nanjing Central Emporium Group Stocks Co (SHSE:600280) 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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Nanjing Central Emporium Group Stocks Co (SHSE:600280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nanjing Central Emporium Group Stocks Co Ltd (SHSE:600280) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 79 Zhongshan South Road, Baixia District, Nanjing, Jiangsu, CHN, 210005

Website

http://www.njzysc.com

Nanjing Central Emporium Group Stocks Co Ltd is a Chinese company which operates retail department stores.

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