Hisense Home Appliances Group Co (SZSE:000921) Long-Term Capital Lease Obligation : ¥204 Mil (As of Mar. 2024)

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What is Hisense Home Appliances Group Co Long-Term Capital Lease Obligation?

Hisense Home Appliances Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥204 Mil.

Hisense Home Appliances Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥218 Mil) to Dec. 2023 (¥209 Mil) and declined from Dec. 2023 (¥209 Mil) to Mar. 2024 (¥204 Mil).

Hisense Home Appliances Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥396 Mil) to Dec. 2022 (¥277 Mil) and declined from Dec. 2022 (¥277 Mil) to Dec. 2023 (¥209 Mil).

Hisense Home Appliances Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hisense Home Appliances 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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Hisense Home Appliances Group Co Long-Term Capital Lease Obligation Chart

Hisense Home Appliances Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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24.82

28.36

395.95

277.20

208.95

Hisense Home Appliances 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															255.98	242.25	218.19	208.95	204.16

Hisense Home Appliances Group Co (SZSE:000921) 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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Hisense Home Appliances Group Co (SZSE:000921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hisense Home Appliances Group Co Ltd (SZSE:000921) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

HISEF:USA 00921:Hong Kong GKE:Germany

Address

No. 8 Ronggang Road, Ronggui Street, Shunde District, Guangdong Province, Foshan, CHN, 528303

Website

https://hxjd.hisense.cn

Hisense Home Appliances Group Co Ltd is a manufacturer of white household electrical appliances in the People's Republic of China, with eight brand names, namely Hisense, Ronshen, KELON, HITACHI, YORK, Gorenje, ASKO, and SANDEN. The company produces electrical appliances like refrigerators, air-conditioners, freezers, washing machines, and Kitchen electrical appliances. The businesses of the Company are set out as follows: HVAC Business Work; Refrigerator and Washing Machine Business Work; Automotive Air Conditioner Compressor and Integrated Thermal Management System Business Work; Smart Home Business Work; Overseas Markets for Home Appliances Business Work and Implementing the Manufacturing Work. The majority of the company's revenue is generated from the domestic market.

Executives

Tang Ye Guo	Directors, executives
Fan Wei	Supervisors
Dai Hui Zhong	Director
Jia Shao Qian	Directors, executives
Wang Zhi Gang	Executives
Xiao Jian Lin	Directors, executives
Wang Jiu Cun	Executives

Hisense Home Appliances Group Co (SZSE:000921) Headlines

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