Guilin Tourism (SZSE:000978) Long-Term Capital Lease Obligation : ¥1.7 Mil (As of Mar. 2025)

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What is Guilin Tourism Long-Term Capital Lease Obligation?

Guilin Tourism's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥1.7 Mil.

Guilin Tourism's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (¥1.7 Mil) to Dec. 2024 (¥1.3 Mil) but then increased from Dec. 2024 (¥1.3 Mil) to Mar. 2025 (¥1.7 Mil).

Guilin Tourism's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥2.5 Mil) to Dec. 2023 (¥1.3 Mil) but then increased from Dec. 2023 (¥1.3 Mil) to Dec. 2024 (¥1.3 Mil).

Guilin Tourism Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guilin Tourism'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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Guilin Tourism Long-Term Capital Lease Obligation Chart

Guilin Tourism Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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1.50

4.48

2.50

1.33

1.34

Guilin Tourism Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.32	1.67	1.72	1.34	1.72

Guilin Tourism (SZSE:000978) 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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Guilin Tourism Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Guilin Tourism Corp Ltd (SZSE:000978) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27-2, Cuizhu Road, Guangxi, Guilin, CHN, 541002

Website

http://www.guilintravel.com

Guilin Tourism Corp Ltd is a China-based tourism company. It offers various travel related services including scenic spot, passenger and passenger transport, taxis, hotels, terminals, online tourism, cruise ship, and cultural performances. The company covers various tourist attractions in Guilin China including Danxia Hot Spring, resources Tianmen Mountain, lakes scenic spot, Hezhou Hot Spring and other scenic spots.

Executives

Ma De Hui	Director
Chen Luo Man	Executives
Zhou Mao Quan	Directors, executives
Liu Hong	Supervisors
Liu Xue Ming	Director
Li Fei Ying	Directors, executives
Sun Qi Zhao	Director
Xiao Di Bo	Directors, executives
Yin Lin	Director
Liu Tao	Director
Xie Xiang Yu	Directors, executives
Guo Heng Gui	Executives
Huang Xi Jun	Secretary Dong

Guilin Tourism Headlines

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