GBXXY (Grand Baoxin Auto Group) Long-Term Capital Lease Obligation : $133 Mil (As of Dec. 2023)

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What is Grand Baoxin Auto Group Long-Term Capital Lease Obligation?

Grand Baoxin Auto Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $133 Mil.

Grand Baoxin Auto Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($161 Mil) to Jun. 2023 ($142 Mil) and declined from Jun. 2023 ($142 Mil) to Dec. 2023 ($133 Mil).

Grand Baoxin Auto Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($185 Mil) to Dec. 2022 ($161 Mil) and declined from Dec. 2022 ($161 Mil) to Dec. 2023 ($133 Mil).

Grand Baoxin Auto Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grand Baoxin Auto Group'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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Grand Baoxin Auto Group Long-Term Capital Lease Obligation Chart

Grand Baoxin Auto Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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172.51

185.06

185.13

161.06

132.62

Grand Baoxin Auto Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															162.71	161.06	141.89	132.62	-

Grand Baoxin Auto Group (OTCPK:GBXXY) 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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Grand Baoxin Auto Group Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Grand Baoxin Auto Group Ltd (OTCPK:GBXXY) » Definitions » Long-Term Capital Lease Obligation

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01293:Hong Kong

Address

No. 3998 Hongxin Road, Grand Baoxin Building, Minhang District, Shanghai, CHN

Website

http://www.klbaoxin.com

Grand Baoxin Auto Group Ltd is an automobile sales and service group which focuses on mid-and-high end brands as well as luxury and ultra-luxury brands. It has only one reportable segment being the Sale of Motor Vehicles and the Provision of Related Services. The company offers a full range of integrated services, providing a range of services including new car sales, after-sales maintenance, auto beauty modification, used car sales, auto insurance business, auto parts sales, and other automotive-related product sales. The company's car brand portfolio comprises of Audi, Jaguar Land Rover, Volvo, Cadillac, Chrysler, Alfa Romeo, Porsche, Rolls Royce, and others. The company operates in Mainland China.

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