China Railway Special Cargo Logistics Co (SZSE:001213) Long-Term Capital Lease Obligation : ¥144 Mil (As of Mar. 2024)

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What is China Railway Special Cargo Logistics Co Long-Term Capital Lease Obligation?

China Railway Special Cargo Logistics Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥144 Mil.

China Railway Special Cargo Logistics Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥209 Mil) to Dec. 2023 (¥170 Mil) and declined from Dec. 2023 (¥170 Mil) to Mar. 2024 (¥144 Mil).

China Railway Special Cargo Logistics Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥280 Mil) to Dec. 2022 (¥251 Mil) and declined from Dec. 2022 (¥251 Mil) to Dec. 2023 (¥170 Mil).

China Railway Special Cargo Logistics Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Railway Special Cargo Logistics 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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China Railway Special Cargo Logistics Co Long-Term Capital Lease Obligation Chart

China Railway Special Cargo Logistics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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348.32

279.79

250.90

169.68

China Railway Special Cargo Logistics Co Quarterly Data
	Dec17	Dec18	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															257.59	231.11	209.28	169.68	143.85

China Railway Special Cargo Logistics Co (SZSE:001213) 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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China Railway Special Cargo Logistics Co (SZSE:001213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Railway Special Cargo Logistics Co Ltd (SZSE:001213) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 24, Duck Bridge Road, 212-229, 314-328, 416-429, District C, Xicheng District, Beijing, CHN, 100055

Website

https://www.crscl.com.cn

China Railway Special Cargo Logistics Co Ltd is a professional transportation enterprise. The company's main business is commodity automobile logistics, refrigerated logistics and bulk logistics.

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