Changan Minsheng APLL Logistics Co (HKSE:01292) Long-Term Capital Lease Obligation : HK$150 Mil (As of Dec. 2023)

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What is Changan Minsheng APLL Logistics Co Long-Term Capital Lease Obligation?

Changan Minsheng APLL Logistics Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$150 Mil.

Changan Minsheng APLL Logistics Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$156 Mil) to Jun. 2023 (HK$152 Mil) and declined from Jun. 2023 (HK$152 Mil) to Dec. 2023 (HK$150 Mil).

Changan Minsheng APLL Logistics Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$112 Mil) to Dec. 2022 (HK$156 Mil) but then declined from Dec. 2022 (HK$156 Mil) to Dec. 2023 (HK$150 Mil).

Changan Minsheng APLL Logistics Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Changan Minsheng APLL Logistics 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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Changan Minsheng APLL Logistics Co Long-Term Capital Lease Obligation Chart

Changan Minsheng APLL Logistics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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88.79

47.19

111.74

156.02

150.45

Changan Minsheng APLL Logistics 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															111.74	23.30	156.02	152.45	150.45

Changan Minsheng APLL Logistics Co (HKSE:01292) 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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Changan Minsheng APLL Logistics Co (HKSE:01292) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Changan Minsheng APLL Logistics Co Ltd (HKSE:01292) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

W8R:Germany

Address

No. 1881, Jinkai Road, Yubei District, Chongqing, CHN, 401122

Website

https://www.camsl.com

Changan Minsheng APLL Logistics Co Ltd is a China-based logistics provider. Along with its subsidiaries, e the rendering of transportation services for finished vehicles, supply chain management services for automobile raw materials, components, and parts, transportation services for non-automobile commodities, the sale of packaging materials, and the processing of tires. It principally has its business presence in PRC.

Executives

Apl Logistics Ltd	2101 Beneficial owner
Apl Logistics Ltd.	2101 Beneficial owner
Zhong Guo Chang An Qi Che Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner

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