Yantai Changyu Pioneer Wine Co (SZSE:000869) Long-Term Capital Lease Obligation : ¥82 Mil (As of Mar. 2024)

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What is Yantai Changyu Pioneer Wine Co Long-Term Capital Lease Obligation?

Yantai Changyu Pioneer Wine Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥82 Mil.

Yantai Changyu Pioneer Wine Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥87 Mil) to Dec. 2023 (¥85 Mil) and declined from Dec. 2023 (¥85 Mil) to Mar. 2024 (¥82 Mil).

Yantai Changyu Pioneer Wine Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥102 Mil) to Dec. 2022 (¥110 Mil) but then declined from Dec. 2022 (¥110 Mil) to Dec. 2023 (¥85 Mil).

Yantai Changyu Pioneer Wine Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Yantai Changyu Pioneer Wine 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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Yantai Changyu Pioneer Wine Co Long-Term Capital Lease Obligation Chart

Yantai Changyu Pioneer Wine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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98.40

101.81

109.51

85.04

Yantai Changyu Pioneer Wine 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															99.76	94.47	87.20	85.04	81.64

Yantai Changyu Pioneer Wine Co (SZSE:000869) 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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Yantai Changyu Pioneer Wine Co (SZSE:000869) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Yantai Changyu Pioneer Wine Co Ltd (SZSE:000869) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

200869:China

Address

56 Dama Road, Shandong, Yantai, CHN, 264000

Website

http://www.changyu.com.cn

Yantai Changyu Pioneer Wine Co Ltd produces and sells wine, brandy, and champagne. The company's brands include Changyu, Jiebaina, AFIP, Koyac, and Tinlot Reserva. Wine sales account for more than three-quarters of the company's total revenue. Yantai possesses vineyards in several Chinese provinces suitable for wine grape growing, such as Shandong, Ningxia, Xinjiang, Liaoning, Hebei, and Shanxi. Nearly all of the company's sales are in China, with the small amount of remaining revenue coming from France and Spain.

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