China Dongxiang (Group) Co (HKSE:03818) Long-Term Capital Lease Obligation : HK$22 Mil (As of Sep. 2023)

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What is China Dongxiang (Group) Co Long-Term Capital Lease Obligation?

China Dongxiang (Group) Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$22 Mil.

China Dongxiang (Group) Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$26 Mil) to Mar. 2023 (HK$20 Mil) but then increased from Mar. 2023 (HK$20 Mil) to Sep. 2023 (HK$22 Mil).

China Dongxiang (Group) Co's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$50 Mil) to Mar. 2022 (HK$34 Mil) and declined from Mar. 2022 (HK$34 Mil) to Mar. 2023 (HK$20 Mil).

China Dongxiang (Group) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Dongxiang (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.

* Premium members only.

China Dongxiang (Group) Co Long-Term Capital Lease Obligation Chart

China Dongxiang (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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53.74

49.66

33.98

20.02

China Dongxiang (Group) Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															46.92	33.98	25.58	20.02	21.98

China Dongxiang (Group) Co (HKSE:03818) 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 Dongxiang (Group) Co (HKSE:03818) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Dongxiang (Group) Co Ltd (HKSE:03818) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CDGXY:USA CDGXF:USA 4C1:Germany

Address

Building 21, No. 2 Jingyuanbei Street, Beijing Economic-Technological Development Area, Beijing, CHN, 100176

Website

http://www.dxsport.com

China Dongxiang (Group) Co Ltd manufactures sports apparel and footwear. Its main brand is Kappa, which it sells in China. The company's primary sales channel is wholesale to distributors. The company also sells directly to consumers through more than 1,000 company-operated retail stores and outlets in China and through its e-commerce channel. It has two segments China Apparel and Investment. Sales in China account for most of the total company's revenue.

Executives

Harvest Luck Development Limited	2201 Interest of corporation controlled by you
Poseidon Sports Limited	2201 Interest of corporation controlled by you
Chen Yihong	2201 Interest of corporation controlled by you
China Dongxiang (group) Co. Ltd.	2201 Interest of corporation controlled by you
Gaea Sports Limited	2106 Person having a security interest in shares
Billion Giant Development Limited	2201 Interest of corporation controlled by you

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