Chongqing Changan Automobile Co (SZSE:000625) Long-Term Capital Lease Obligation : ¥112 Mil (As of Mar. 2024)

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What is Chongqing Changan Automobile Co Long-Term Capital Lease Obligation?

Chongqing Changan Automobile Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥112 Mil.

Chongqing Changan Automobile Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥166 Mil) to Dec. 2023 (¥134 Mil) and declined from Dec. 2023 (¥134 Mil) to Mar. 2024 (¥112 Mil).

Chongqing Changan Automobile Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥39 Mil) to Dec. 2022 (¥60 Mil) and increased from Dec. 2022 (¥60 Mil) to Dec. 2023 (¥134 Mil).

Chongqing Changan Automobile Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chongqing Changan Automobile 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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Chongqing Changan Automobile Co Long-Term Capital Lease Obligation Chart

Chongqing Changan Automobile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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34.66

38.68

60.21

134.25

Chongqing Changan Automobile 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															136.21	120.87	166.22	134.25	112.40

Chongqing Changan Automobile Co (SZSE:000625) 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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Chongqing Changan Automobile Co (SZSE:000625) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chongqing Changan Automobile Co Ltd (SZSE:000625) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

200625:China

Address

No. 260, East Jianxin Road, Jiangbei District, Chongqing, CHN, 400023

Website

https://www.changan.com.cn

Chongqing Changan Automobile Co Ltd is engaged in automobile manufacturing. It has 14 production bases and 33 vehicle, engine and transmission factories around the world. The company has a vast majority of engineering and technical personnel around the world and has established Chongqing, Beijing, Hebei Dingzhou, Anhui Hefei, Italy Turin, Japan Yokohama, UK Birmingham, us Detroit and Germany Munich. It has a professional automobile R&D process system and test verification system to ensure that each product can meet the needs of its users. The company has launched CS series, Eado series, UNI series and other products. In the field of intelligence, the Beidou Tianshu Plan provides users with a four-hearted car platform that is safe, happy, caring, and worry-free.

Executives

Yang Xin Min	Independent director
Luo Yan	Supervisors
Li Qing Wen	Independent director
Yuan Ming Xue	Executives
Fan Chao Dong	Supervisors
Li Jun	Secretary Dong
Liu Bo	Executives
Dong Yang	Independent director
Zhu Hua Rong	Directors, executives
Chen Ling Tao	Supervisors
Wang Jun	Executives
Song Jia	Executives
Cui Yun Jiang	Directors, executives
Du Yi	Executives
Zhao Lu Chuan	Director

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