Suning Universal Co (SZSE:000718) Long-Term Capital Lease Obligation : ¥37 Mil (As of Mar. 2024)

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What is Suning Universal Co Long-Term Capital Lease Obligation?

Suning Universal Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥37 Mil.

Suning Universal Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥20 Mil) to Dec. 2023 (¥35 Mil) and increased from Dec. 2023 (¥35 Mil) to Mar. 2024 (¥37 Mil).

Suning Universal Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥27 Mil) to Dec. 2022 (¥25 Mil) but then increased from Dec. 2022 (¥25 Mil) to Dec. 2023 (¥35 Mil).

Suning Universal Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Suning Universal 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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Suning Universal Co Long-Term Capital Lease Obligation Chart

Suning Universal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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47.66

26.90

25.07

34.53

Suning Universal 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															20.89	24.02	20.46	34.53	37.19

Suning Universal Co (SZSE:000718) 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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Suning Universal Co (SZSE:000718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Suning Universal Co Ltd (SZSE:000718) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

188 Guangzhou Road, Nanjing, CHN

Website

http://www.suning-universal.com

Suning Universal Co Ltd operates in the real estate development industry. The projects of the company include commercial estate which includes tianrun city square and suning beitang project, residential property which include suning venice, suning tianrun city, and suning mingduhui, the hotel which includes suning venice hotel, and building materials.

Executives

Jiang Li Bo	Secretary, Director
Liu De Bo	Executives
Li Wei	Directors, executives
Li Jun	Supervisors
Zhang Kang Li	Director
Zhang Gui Ping	Director
Ma Li Li	Supervisors
Jia Sen	Executives
Liu Deng Hua	Secretary Dong
Wang Yong Gang	Executives
Guo Ru Jin	Directors, executives
Zhang Jian Guo	Supervisors
Qiu Hong Tao	Securities Affairs Representative
Gu Jian Hua	Director
Cui Zhen Jie	Executives

Suning Universal Co (SZSE:000718) Headlines

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