Great Wall Motor Co (Great Wall Motor Co) Long-Term Capital Lease Obligation : $93 Mil (As of Dec. 2023)

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What is Great Wall Motor Co Long-Term Capital Lease Obligation?

Great Wall Motor Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $93 Mil.

Great Wall Motor Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($108 Mil) to Sep. 2023 ($101 Mil) and declined from Sep. 2023 ($101 Mil) to Dec. 2023 ($93 Mil).

Great Wall Motor Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($75 Mil) to Dec. 2022 ($140 Mil) but then declined from Dec. 2022 ($140 Mil) to Dec. 2023 ($93 Mil).

Great Wall Motor Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Great Wall Motor 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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Great Wall Motor Co Long-Term Capital Lease Obligation Chart

Great Wall Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.44

75.74

74.72

140.38

92.65

Great Wall Motor 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															120.63	107.99	101.35	92.65	-

Great Wall Motor Co (OTCPK:GWLLF) 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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Great Wall Motor Co (Great Wall Motor Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Great Wall Motor Co Ltd (OTCPK:GWLLF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GWLLY:USA 02333:Hong Kong GRV:Germany 601633:China

Address

No. 2266 Chaoyang Road South, Hebei Province, Baoding, CHN, 071000

Website

https://www.gwm.com.cn

Chinese automobile manufacturer Great Wall Motor is China's market leader in the SUV and pickup truck segments. In 2022, the company sold over 615,000 Haval-branded SUVs and 160,000 WEY- and Tank-branded SUVs, making it the largest SUV manufacturer by sales volume for the 12th year. It also sold more than 195,000 pickup trucks, also ranked number one in sales volume for 25 consecutive years. China's domestic market accounts for about 90% of Great Wall's revenue, with the balance coming from Russia, the Middle East, South Africa, Australia, and Chile, among others.