China Eastern Airlines (HKSE:00670) Long-Term Capital Lease Obligation : HK$69,322 Mil (As of Mar. 2024)

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What is China Eastern Airlines Long-Term Capital Lease Obligation?

China Eastern Airlines's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$69,322 Mil.

China Eastern Airlines's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (HK$74,489 Mil) to Dec. 2023 (HK$70,819 Mil) and declined from Dec. 2023 (HK$70,819 Mil) to Mar. 2024 (HK$69,322 Mil).

China Eastern Airlines's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$100,561 Mil) to Dec. 2022 (HK$87,536 Mil) and declined from Dec. 2022 (HK$87,536 Mil) to Dec. 2023 (HK$70,819 Mil).

China Eastern Airlines Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Eastern Airlines'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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China Eastern Airlines Long-Term Capital Lease Obligation Chart

China Eastern Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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105,360.81

97,416.49

100,560.61

87,535.92

70,818.90

China Eastern Airlines 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															83,144.35	79,433.63	74,488.69	70,818.90	69,322.33

China Eastern Airlines (HKSE:00670) 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 Eastern Airlines (HKSE:00670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Eastern Airlines Corp Ltd (HKSE:00670) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CHEAF:USA CIAH:Germany 600115:China

Address

36 Hongxiang 3rd Road, 5th Floor, Block A2, CEA Building, Northern District, Minhang District, Shanghai, CHN, 201100

Website

https://www.ceair.com

China Eastern Airlines is based in Shanghai and is one of the three largest state-owned airlines in China. The group operated a fleet of 778 aircraft as of 2022 and carried more than 130 million passengers in prepandemic 2019. It runs a hub-and-spoke model under which it gathers and distributes passengers from air hubs like Shanghai, Beijing, Xi'an, and Kunming. The group's route network extends to over 220 destinations and 40 countries and regions.

Executives

Dong Hang Guo Ji Kong Gu Xiang Gang You Xian Gong Si	2101 Beneficial owner
Zhong Guo Dong Fang Hang Kong Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Wang Junjin	2201 Interest of corporation controlled by you
Wang Han	2201 Interest of corporation controlled by you
Ye Jinqi	2202 Interest of your spouse
Dong Fang Hang Kong Ji Tuan You Xian Gong Si
Shang Hai Ji Xiang Hang Kong Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Jun Yao Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Ji Xiang Hang Kong Xiang Gang You Xian Gong Si	2101 Beneficial owner

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