Dongfeng Motor Group Co (FRA:D4D) Long-Term Capital Lease Obligation : €232 Mil (As of Dec. 2023)

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What is Dongfeng Motor Group Co Long-Term Capital Lease Obligation?

Dongfeng Motor Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €232 Mil.

Dongfeng Motor Group Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€261 Mil) to Jun. 2023 (€253 Mil) and declined from Jun. 2023 (€253 Mil) to Dec. 2023 (€232 Mil).

Dongfeng Motor Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€303 Mil) to Dec. 2022 (€261 Mil) and declined from Dec. 2022 (€261 Mil) to Dec. 2023 (€232 Mil).

Dongfeng Motor Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Dongfeng Motor Group 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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Dongfeng Motor Group Co Long-Term Capital Lease Obligation Chart

Dongfeng Motor Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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266.27

270.51

303.05

261.06

232.07

Dongfeng Motor Group Co 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															303.05	268.32	261.06	252.74	232.07

Dongfeng Motor Group Co (FRA:D4D) 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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Dongfeng Motor Group Co (FRA:D4D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dongfeng Motor Group Co Ltd (FRA:D4D) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

DNFGY:USA DNFGF:USA 00489:Hong Kong

Address

Special No. 1 Dongfeng Road, Wuhan Economic and Technology Development Zone, Hubei, Wuhan, CHN, 430056

Website

https://www.dfmg.com.cn

Dongfeng Motor Group Co Ltd is engaged in vehicle manufacturing, covering other complete business systems relating to automobiles such as R&D of automobiles, parts and equipment manufacturing, automobile finance, automobile sales, and travel business. The company's segments include commercial vehicles, passenger vehicles, financing services, and corporate and others. The majority of its revenue is generated from the Passenger vehicles segment.

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