Joy Kie (SZSE:300994) Long-Term Capital Lease Obligation

: ¥1 Mil (As of Sep. 2023)

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Joy Kie's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥1 Mil.

Joy Kie's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (¥1 Mil) to Jun. 2023 (¥1 Mil) and declined from Jun. 2023 (¥1 Mil) to Sep. 2023 (¥1 Mil).

Joy Kie's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (¥1 Mil) to Dec. 2021 (¥1 Mil) but then increased from Dec. 2021 (¥1 Mil) to Dec. 2022 (¥1 Mil).

Joy Kie Long-Term Capital Lease Obligation Historical Data

The historical data trend for Joy Kie'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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Joy Kie Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

1.42

1.09

1.28

Joy Kie Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation															0.76	1.28	1.37	0.98	0.85

Joy Kie (SZSE:300994) 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.

Joy Kie Long-Term Capital Lease Obligation Related Terms

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Joy Kie (SZSE:300994) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Joy Kie Corp Ltd (SZSE:300994) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.509 Qingtai Street, 8th Floor, Fuchun Building, Shangcheng District, hejiang Province, Hangzhou, CHN, 310002

Website

https://www.joykie.com

Joy Kie Corp Ltd is engaged in the design, research and development, production and sales of complete bicycles and their parts and related derivative products.

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