Anhui Gujing Distillery Co (SZSE:000596) Long-Term Capital Lease Obligation : ¥68 Mil (As of Mar. 2024)

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What is Anhui Gujing Distillery Co Long-Term Capital Lease Obligation?

Anhui Gujing Distillery Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥68 Mil.

Anhui Gujing Distillery Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥11 Mil) to Dec. 2023 (¥68 Mil) but then declined from Dec. 2023 (¥68 Mil) to Mar. 2024 (¥68 Mil).

Anhui Gujing Distillery Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥28 Mil) to Dec. 2022 (¥19 Mil) but then increased from Dec. 2022 (¥19 Mil) to Dec. 2023 (¥68 Mil).

Anhui Gujing Distillery Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Anhui Gujing Distillery 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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Anhui Gujing Distillery Co Long-Term Capital Lease Obligation Chart

Anhui Gujing Distillery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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53.23

28.11

18.63

68.38

Anhui Gujing Distillery 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															16.31	13.44	11.06	68.38	67.69

Anhui Gujing Distillery Co (SZSE:000596) 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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Anhui Gujing Distillery Co (SZSE:000596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Anhui Gujing Distillery Co Ltd (SZSE:000596) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

200596:China

Address

Gujing Town, Anhui Province, Bozhou, CHN, 236820

Website

http://www.gujing.com

Anhui Gujing is one of the eight most famous baijiu brands in China and the largest baijiu distiller in Anhui province by sales in 2022. The company produces rich-flavored baijiu, with a colorful brand story tracing back 1,800 years to the Three Kingdoms period. Gujing is one of the leading players in the midrange to high-end market and enjoys high retail prices and profit margins, with its flagship Gujing Year Puree series contributing 70%-75% of total sales. The State-Owned Assets Supervision and Administration Commission of Bozhou controls 28% of Gujing.

Anhui Gujing Distillery Co (SZSE:000596) Headlines

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