Tongcheng Travel Holdings (HKSE:00780) Long-Term Capital Lease Obligation : HK$460 Mil (As of Dec. 2023)

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What is Tongcheng Travel Holdings Long-Term Capital Lease Obligation?

Tongcheng Travel Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$460 Mil.

Tongcheng Travel Holdings's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (HK$90 Mil) to Sep. 2023 (HK$354 Mil) and increased from Sep. 2023 (HK$354 Mil) to Dec. 2023 (HK$460 Mil).

Tongcheng Travel Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$223 Mil) to Dec. 2022 (HK$99 Mil) but then increased from Dec. 2022 (HK$99 Mil) to Dec. 2023 (HK$460 Mil).

Tongcheng Travel Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tongcheng Travel Holdings'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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Tongcheng Travel Holdings Long-Term Capital Lease Obligation Chart

Tongcheng Travel Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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19.84

243.97

222.83

98.71

459.90

Tongcheng Travel Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															98.71	95.58	89.99	353.78	459.90

Tongcheng Travel Holdings (HKSE:00780) 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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Tongcheng Travel Holdings (HKSE:00780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tongcheng Travel Holdings Ltd (HKSE:00780) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TEM:Germany

Address

No. 188, Yuxin Road, Tongcheng Mansion, Suzhou Industrial Park, Jiangsu, CHN

Website

https://www.tongchengir.com

Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 88% of its revenue from accommodation reservations and transportation ticketing in the third quarter of 2022. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.

Executives

Tencent Holdings Limited
Trip.com Group Limited
Brown Brothers Harriman & Co.	2502 Approved lending agent
T. Rowe Price Associates, Inc. And Its Affiliates	2101 Beneficial owner
Ctrip.com International, Ltd.
C-travel International Limited
Tch Sapphire Limited
Image Frame Investment (hk) Limited	2101 Beneficial owner
Ctrip.com (hong Kong) Limited	2101 Beneficial owner

Tongcheng Travel Holdings (HKSE:00780) Headlines

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