China ZhengTong Auto Services Holdings (China ZhengTong Auto Services Holdings) Long-Term Capital Lease Obligation : $134 Mil (As of Dec. 2023)

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What is China ZhengTong Auto Services Holdings Long-Term Capital Lease Obligation?

China ZhengTong Auto Services Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $134 Mil.

China ZhengTong Auto Services Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($141 Mil) to Jun. 2023 ($122 Mil) but then increased from Jun. 2023 ($122 Mil) to Dec. 2023 ($134 Mil).

China ZhengTong Auto Services Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($184 Mil) to Dec. 2022 ($141 Mil) and declined from Dec. 2022 ($141 Mil) to Dec. 2023 ($134 Mil).

China ZhengTong Auto Services Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for China ZhengTong Auto 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.

* Premium members only.

China ZhengTong Auto Services Holdings Long-Term Capital Lease Obligation Chart

China ZhengTong Auto Services Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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207.34

177.57

183.59

140.72

134.49

China ZhengTong Auto 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															183.59	174.85	140.72	121.77	134.49

China ZhengTong Auto Services Holdings (OTCPK:CZASF) 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 ZhengTong Auto Services Holdings (China ZhengTong Auto Services Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China ZhengTong Auto Services Holdings Ltd (OTCPK:CZASF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

01728:Hong Kong ZA0:Germany

Address

No. 59, West Third-Ring South Road, Baoze Plaza, Beijing, CHN

Website

http://www.zhengtongauto.com

China ZhengTong Auto Services Holdings Ltd is a China-based investment holding company principally engaged in the sales of passenger motor vehicles, including luxury and ultra-luxury branded automobiles. The Company operates its business through four segments. The 4S Dealership Business segment is engaged in the sales of motor vehicles and motor spare parts and the provision of maintenance services. The Logistics Business segment is engaged in the provision of motor-related logistics services. The Lubricant Oil Business segment is engaged in the trading of lubricant oil. The Financial Services Business segment is engaged in the provision of financial services to auto customers and dealers.

China ZhengTong Auto Services Holdings (China ZhengTong Auto Services Holdings) Headlines

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