Sino Land Co (Sino Land Co) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)

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What is Sino Land Co Long-Term Capital Lease Obligation?

Sino Land Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.

Sino Land Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($5 Mil) to Jun. 2023 ($2 Mil) and declined from Jun. 2023 ($2 Mil) to Dec. 2023 ($0 Mil).

Sino Land Co's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($3 Mil) to Jun. 2022 ($2 Mil) but then increased from Jun. 2022 ($2 Mil) to Jun. 2023 ($2 Mil).

Sino Land Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sino Land 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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Sino Land Co Long-Term Capital Lease Obligation Chart

Sino Land Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.97

2.54

1.73

1.96

Sino Land Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.18	1.73	4.61	1.96	0.47

Sino Land Co (OTCPK:SNLAY) 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.

Sino Land Co Long-Term Capital Lease Obligation Related Terms

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Sino Land Co (Sino Land Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sino Land Co Ltd (OTCPK:SNLAY) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

SNLAF:USA 00083:Hong Kong SNO:Germany

Address

Salisbury Road, 12th Floor, Tsim Sha Tsui Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.sino.com

Sino Land Co Ltd is a property developer mainly engaged in residential development in Hong Kong. It also holds a portfolio of investment properties in the city, mostly commercial properties adjoining the housing projects it built in the past. Many of its residential projects were developed in joint ventures with government-related entities such as MTR and Urban Renewal Authority. Rental income and property development account for the majority of the earnings, mainly derived from Hong Kong. Hotel and other segments account for the remaining of the earnings. The company is 55% owned by Tsim Sha Tsui Properties, an entity controlled by the estate of the late Mr. Ng Teng Fong, the company's founder.

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