Rainbow Digital Commercial Co (SZSE:002419) Long-Term Capital Lease Obligation : ¥10,621 Mil (As of Mar. 2024)

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What is Rainbow Digital Commercial Co Long-Term Capital Lease Obligation?

Rainbow Digital Commercial Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10,621 Mil.

Rainbow Digital Commercial Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥11,606 Mil) to Dec. 2023 (¥10,865 Mil) and declined from Dec. 2023 (¥10,865 Mil) to Mar. 2024 (¥10,621 Mil).

Rainbow Digital Commercial Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥15,194 Mil) to Dec. 2022 (¥13,403 Mil) and declined from Dec. 2022 (¥13,403 Mil) to Dec. 2023 (¥10,865 Mil).

Rainbow Digital Commercial Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rainbow Digital Commercial 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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Rainbow Digital Commercial Co Long-Term Capital Lease Obligation Chart

Rainbow Digital Commercial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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14,870.88

15,193.84

13,403.20

10,864.75

Rainbow Digital Commercial 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															12,543.88	11,735.87	11,605.68	10,864.75	10,621.43

Rainbow Digital Commercial Co (SZSE:002419) 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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Rainbow Digital Commercial Co (SZSE:002419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Rainbow Digital Commercial Co Ltd (SZSE:002419) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 3019, Central Road (Shenzhen Bay Section), 9th-14th Floor, 17th-20th Floor, Tianhong Building, Nanshan District, Guangdong Province, Shenzhen, CHN, 518026

Website

http://www.rainbow.cn

Rainbow Digital Commercial Co Ltd operates a platform-based business with department stores, shopping malls and vertical business with supermarkets, convenience stores. It sells daily necessities, textiles, clothing, cosmetics, food, salt, beverages, health foods, agricultural and sideline products, household appliances and electronic products, culture, sports goods and equipment, building materials and chemical products.

Executives

Chen Zhi Xiang	Supervisors
Jiang Yong	Executives
Chen Yu	Supervisors
Wu Jian Qiong	Executives
Hou Yi	Executives
Wan Ying	Secretary Dong
Zhang Xu Hua	Executives
Zheng Man	Executives
Song Yao Ming	Executives
Sun Jin Cheng	Executives
Gao Shu Lin	Directors, executives

Rainbow Digital Commercial Co (SZSE:002419) Headlines

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