Guangzhou Automobile Group Co (SHSE:601238) Long-Term Capital Lease Obligation : ¥1,702 Mil (As of Mar. 2024)

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What is Guangzhou Automobile Group Co Long-Term Capital Lease Obligation?

Guangzhou Automobile Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,702 Mil.

Guangzhou Automobile Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥1,513 Mil) to Dec. 2023 (¥1,485 Mil) but then increased from Dec. 2023 (¥1,485 Mil) to Mar. 2024 (¥1,702 Mil).

Guangzhou Automobile Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥1,270 Mil) to Dec. 2022 (¥1,297 Mil) and increased from Dec. 2022 (¥1,297 Mil) to Dec. 2023 (¥1,485 Mil).

Guangzhou Automobile Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangzhou Automobile 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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Guangzhou Automobile Group Co Long-Term Capital Lease Obligation Chart

Guangzhou Automobile Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,232.04

1,303.48

1,270.20

1,297.40

1,484.77

Guangzhou Automobile 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															1,484.26	1,500.62	1,512.65	1,484.77	1,701.60

Guangzhou Automobile Group Co (SHSE:601238) 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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Guangzhou Automobile Group Co (SHSE:601238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Guangzhou Automobile Group Co Ltd (SHSE:601238) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GNZUF:USA 02238:Hong Kong 02G:Germany

Address

18 Whitfield Road, Room 808, Citicorp Centre, Causeway Bay, Hong Kong, HKG

Website

https://www.gac.com.cn

Guangzhou Automobile Group Co Ltd is a state-controlled producer of passenger vehicles, motorcycles, and auto parts. The company's activities are broadly classified into two segments; The vehicles and related operations segment include the production and sale of a variety of passenger vehicles, commercial vehicles, automotive parts, and related operations, and the Others segment includes mainly the production and sale of motorcycles, automobile finance, and insurance, other financing services, and investing businesses. The firm's operations are spread across Mainland China and Hong Kong. Its vehicles segment generates a majority of the revenues for the company. Geographically, it derives a majority of its revenue from Mainland China.

Executives

Chen Mao Shan	Director
Ceng Qing Hong	Director
Wang Dan	senior management
Chen Han Jun	senior management
Chen Xiao Mu	Director
Sui Li	senior management
Wu Song	senior management
Feng Xing Ya	Directors, senior managers
Li Shao	senior management
Shi Lei	Supervisors
Gao Rui	senior management
Yan Zhuang Li	senior management
Zhang Qing Song	senior management
Qu Yong Jian	senior management
Yuan Zhong Rong	Director

Guangzhou Automobile Group Co (SHSE:601238) Headlines

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