Jiajiayue Group Co (SHSE:603708) Long-Term Capital Lease Obligation : ¥3,535 Mil (As of Mar. 2024)

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What is Jiajiayue Group Co Long-Term Capital Lease Obligation?

Jiajiayue Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,535 Mil.

Jiajiayue Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥3,520 Mil) to Dec. 2023 (¥3,438 Mil) but then increased from Dec. 2023 (¥3,438 Mil) to Mar. 2024 (¥3,535 Mil).

Jiajiayue Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥4,041 Mil) to Dec. 2022 (¥3,750 Mil) and declined from Dec. 2022 (¥3,750 Mil) to Dec. 2023 (¥3,438 Mil).

Jiajiayue Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiajiayue Group 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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Jiajiayue Group Co Long-Term Capital Lease Obligation Chart

Jiajiayue Group Co Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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4,041.04

3,750.11

3,438.35

Jiajiayue Group Co 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															3,609.13	3,577.48	3,519.51	3,438.35	3,535.20

Jiajiayue Group Co (SHSE:603708) 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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Jiajiayue Group Co (SHSE:603708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Jiajiayue Group Co Ltd (SHSE:603708) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 53, Daqing Road, Economic and Technological Development Zone, Shandong Province, Weihai, CHN, 264200

Website

http://www.jiajiayue.com.cn

Jiajiayue Group Co Ltd operates in the supermarket chain-based industry. It is principally engaged in the operation of supermarket chains. The company mainly runs general supermarkets and hypermarkets.

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