CAR (HKSE:00699) Long-Term Capital Lease Obligation : HK$195 Mil (As of Dec. 2020)

View and export this data going back to 2014. Start your Free Trial

What is CAR Long-Term Capital Lease Obligation?

CAR's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2020 was HK$195 Mil.

CAR's quarterly Long-Term Capital Lease Obligation declined from Dec. 2019 (HK$637 Mil) to Jun. 2020 (HK$280 Mil) and declined from Jun. 2020 (HK$280 Mil) to Dec. 2020 (HK$195 Mil).

CAR's annual Long-Term Capital Lease Obligation increased from Dec. 2018 (HK$21 Mil) to Dec. 2019 (HK$637 Mil) but then declined from Dec. 2019 (HK$637 Mil) to Dec. 2020 (HK$195 Mil).

CAR Long-Term Capital Lease Obligation Historical Data

The historical data trend for CAR'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.

CAR Long-Term Capital Lease Obligation Chart

CAR Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

30.89

20.98

637.08

195.03

CAR Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										20.98	600.54	637.08	280.04	195.03

CAR (HKSE:00699) 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.

CAR Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of CAR's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

CAR (HKSE:00699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CAR Inc (HKSE:00699) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2A Zhonghuan South Road, 3rd Floor, Block B, Lead International, Wangjing, Chaoyang District, Beijing, CHN, 100102

Website

https://www.zuche.com

CAR Inc is engaged in providing car rental services. Its businesses include the provision of long-term and short-term car rental services, finance lease and the sales of used rental vehicles, among others. The company is engaged in vehicle parking management, processing and manufacture of auto parts, the provision of auto repair services, as well as the provision of information technology (IT) services. It also offers other services including accident coverage packages, GPS ( Global Positioning System) navigation systems, 24/7 roadside assistance, and others.

CAR (HKSE:00699) Headlines

No Headlines