Xtep International Holdings (HKSE:01368) Long-Term Capital Lease Obligation : HK$146 Mil (As of Dec. 2023)

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What is Xtep International Holdings Long-Term Capital Lease Obligation?

Xtep International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$146 Mil.

Xtep International Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$136 Mil) to Jun. 2023 (HK$141 Mil) and increased from Jun. 2023 (HK$141 Mil) to Dec. 2023 (HK$146 Mil).

Xtep International Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$125 Mil) to Dec. 2022 (HK$136 Mil) and increased from Dec. 2022 (HK$136 Mil) to Dec. 2023 (HK$146 Mil).

Xtep International Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xtep International Holdings'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.

Xtep International Holdings Long-Term Capital Lease Obligation Chart

Xtep International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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119.41

155.12

125.09

136.49

146.29

Xtep International Holdings 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															125.09	107.61	136.49	140.73	146.29

Xtep International Holdings (HKSE:01368) 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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Xtep International Holdings (HKSE:01368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Xtep International Holdings Ltd (HKSE:01368) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

XTEPY:USA 4QI:Germany

Address

No. 89 Jiayi Road, Xiamen Xtep Tower, Guanyinshan Siming District, Fujian Province, Xiamen, CHN, 361008

Website

https://www.xtep.com.hk

Xtep International Holdings Ltd owns the Chinese sportswear brand XTEP. The company markets its brand as a stylish professional sports brand with a focus on running gear. Footwear accounts for more than half of the company's revenue. The remaining revenue comes from apparel sales. The company has thousands of XTEP retail stores in China that are primarily operated by the company's distributors or authorized retailers. It also sells online through its website and third-party e-commerce platforms. In addition to China, Xtep has distributors in the Middle East, Europe, and Southeast Asia.

Xtep International Holdings (HKSE:01368) Headlines

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