SAIC Motor (SHSE:600104) Long-Term Capital Lease Obligation : ¥11,192 Mil (As of Mar. 2024)

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What is SAIC Motor Long-Term Capital Lease Obligation?

SAIC Motor's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥11,192 Mil.

SAIC Motor's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥11,082 Mil) to Dec. 2023 (¥10,665 Mil) but then increased from Dec. 2023 (¥10,665 Mil) to Mar. 2024 (¥11,192 Mil).

SAIC Motor's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥8,346 Mil) to Dec. 2022 (¥10,747 Mil) but then declined from Dec. 2022 (¥10,747 Mil) to Dec. 2023 (¥10,665 Mil).

SAIC Motor Long-Term Capital Lease Obligation Historical Data

The historical data trend for SAIC Motor'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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SAIC Motor Long-Term Capital Lease Obligation Chart

SAIC Motor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7,934.47

8,345.84

10,746.80

10,664.79

SAIC Motor 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															12,498.64	11,414.31	11,081.94	10,664.79	11,192.27

SAIC Motor (SHSE:600104) 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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SAIC Motor (SHSE:600104) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SAIC Motor Corp Ltd (SHSE:600104) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

489 Weihai Road, Shanghai, CHN, 200041

Website

http://www.saicmotor.com

SAIC Motor Corp Ltd builds and sells passenger cars and commercial vehicles. It is exploring intelligent driving technology research and industrialization of exploration. It is engaged in the research, production, and sales of parts for motor drive systems, chassis systems, batteries, electric drives, power electronics, and other new energy vehicles. Further, it is also involved in auto-related services such as logistics, e-commerce, travel, energy saving, and charging services; auto-related finance, insurance, and investment services; and the layout of industries of big data and artificial intelligence.

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