Xinjiang Winka Times Department Store Co (SHSE:603101) Long-Term Capital Lease Obligation : ¥313 Mil (As of Dec. 2023)

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What is Xinjiang Winka Times Department Store Co Long-Term Capital Lease Obligation?

Xinjiang Winka Times Department Store Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥313 Mil.

Xinjiang Winka Times Department Store Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (¥321 Mil) to Sep. 2023 (¥379 Mil) but then declined from Sep. 2023 (¥379 Mil) to Dec. 2023 (¥313 Mil).

Xinjiang Winka Times Department Store Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥467 Mil) to Dec. 2022 (¥342 Mil) and declined from Dec. 2022 (¥342 Mil) to Dec. 2023 (¥313 Mil).

Xinjiang Winka Times Department Store Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xinjiang Winka Times Department Store 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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Xinjiang Winka Times Department Store Co Long-Term Capital Lease Obligation Chart

Xinjiang Winka Times Department Store Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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530.98

466.72

342.08

312.83

Xinjiang Winka Times Department Store Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															342.08	342.29	321.36	378.85	312.83

Xinjiang Winka Times Department Store Co (SHSE:603101) 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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Xinjiang Winka Times Department Store Co (SHSE:603101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Xinjiang Winka Times Department Store Co Ltd (SHSE:603101) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 58 Qianjin Street, Urumqi, Xinjiang, CHN, 830002

Website

http://www.wuikatimes.com

Xinjiang Winka Times Department Store Co Ltd operates chain of fashion department store. Its engaged in commodity retail and commercial property leasing and its business covers shopping malls, traditional department stores, supermarkets and other formats. Its products are some international and domestic famous brand cosmetics, some supermarket products.

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