Guangzhou Holike Creative Home Co (SHSE:603898) Long-Term Capital Lease Obligation : ¥84 Mil (As of Jun. 2024)

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What is Guangzhou Holike Creative Home Co Long-Term Capital Lease Obligation?

Guangzhou Holike Creative Home Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥84 Mil.

Guangzhou Holike Creative Home Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (¥86 Mil) to Mar. 2024 (¥85 Mil) and declined from Mar. 2024 (¥85 Mil) to Jun. 2024 (¥84 Mil).

Guangzhou Holike Creative Home Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥108 Mil) to Dec. 2022 (¥99 Mil) and declined from Dec. 2022 (¥99 Mil) to Dec. 2023 (¥86 Mil).

Guangzhou Holike Creative Home Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangzhou Holike Creative Home 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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Guangzhou Holike Creative Home Co Long-Term Capital Lease Obligation Chart

Guangzhou Holike Creative Home Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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10.24

108.49

99.00

86.20

Guangzhou Holike Creative Home Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															96.74	96.82	86.20	85.20	84.15

Guangzhou Holike Creative Home Co (SHSE:603898) 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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Guangzhou Holike Creative Home Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Guangzhou Holike Creative Home Co Ltd (SHSE:603898) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Cyberport, No. 20 Keyun Road, 3rd Floor, Tianhe District, Guangzhou, CHN

Website

http://en.holike.com

Guangzhou Holike Creative Home Co Ltd is engaged in research and development, design, production and sales of panel furniture, synchronous development and sales of finished furniture and soft furnishings.

Executives

Shen Han Biao	Director
Lin Chang Sheng	senior management
Deng Tao	senior management
Zhou Yi	senior management

Guangzhou Holike Creative Home Co Headlines

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