China Tourism Group Duty Free (SHSE:601888) Long-Term Capital Lease Obligation : ¥1,774 Mil (As of Mar. 2024)

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What is China Tourism Group Duty Free Long-Term Capital Lease Obligation?

China Tourism Group Duty Free's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,774 Mil.

China Tourism Group Duty Free's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥1,964 Mil) to Dec. 2023 (¥1,751 Mil) but then increased from Dec. 2023 (¥1,751 Mil) to Mar. 2024 (¥1,774 Mil).

China Tourism Group Duty Free's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥3,487 Mil) to Dec. 2022 (¥1,738 Mil) but then increased from Dec. 2022 (¥1,738 Mil) to Dec. 2023 (¥1,751 Mil).

China Tourism Group Duty Free Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Tourism Group Duty Free'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 Tourism Group Duty Free Long-Term Capital Lease Obligation Chart

China Tourism Group Duty Free Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,458.76

3,486.52

1,737.68

1,750.91

China Tourism Group Duty Free 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															2,003.87	1,945.66	1,963.58	1,750.91	1,774.08

China Tourism Group Duty Free (SHSE:601888) 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 Tourism Group Duty Free (SHSE:601888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Tourism Group Duty Free Corp Ltd (SHSE:601888) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

01880:Hong Kong

Address

No. 2A, Dongzhimenwai Street, 8th Floor, Block A, Dongcheng District, Beijing, CHN, 100027

Website

https://www.ctgdutyfree.com.cn

China Tourism Group Duty Free Corp Ltd is an investment holding company. The company's segments include Retail and Property. It generates maximum revenue from the Retail segment. The Retail segment offers a comprehensive series of duty-free and duty-paid merchandise to customers in Mainland China, Hong Kong, Macau, Cambodia, etc, through its travel retail business. It also engages sales of duty-free and duty-paid merchandise and income from provision of related services.

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