STO Express Co (SZSE:002468) Long-Term Capital Lease Obligation : ¥2,342 Mil (As of Mar. 2024)

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What is STO Express Co Long-Term Capital Lease Obligation?

STO Express Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,342 Mil.

STO Express Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥1,929 Mil) to Dec. 2023 (¥2,238 Mil) and increased from Dec. 2023 (¥2,238 Mil) to Mar. 2024 (¥2,342 Mil).

STO Express Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥1,306 Mil) to Dec. 2022 (¥2,250 Mil) but then declined from Dec. 2022 (¥2,250 Mil) to Dec. 2023 (¥2,238 Mil).

STO Express Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for STO Express 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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STO Express Co Long-Term Capital Lease Obligation Chart

STO Express Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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908.63

1,306.38

2,250.39

2,237.99

STO Express 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															2,173.71	2,073.51	1,929.13	2,237.99	2,342.34

STO Express Co (SZSE:002468) 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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STO Express Co (SZSE:002468) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » STO Express Co Ltd (SZSE:002468) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 25, Lane 6598, Beiqing Road, Yibang International Office Building, Qingpu District, Shanghai, CHN, 201706

Website

http://www.sto.cn

STO Express is one of the "Tongdas", which refers to the top four national express delivery companies that adopt the network partner model. Tongdas provide line-haul transportation, sorting, and waybill services to its network partners for fees, while its local network partners provide first-mile pickup and last-mile delivery services under the Tongdas' brands and collect the payments. STO was founded in 1993 by Nie Tengfei, who passed away in 1998. His ex-wife Chen Xiaoying's brother Chen Dejun is now the Chairman and General Manager, with a 28% stake, and Ms. Chen owned a 5% stake as of Dec. 31, 2022. STO's strategic shareholder is Cainiao Smart Logistics Network, with a 25% stake. Alibaba can exercise its share options to purchase 21% of STO before Dec. 27, 2025 at CNY 16.50 per share.

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