Richly Field China Development (HKSE:00313) Long-Term Capital Lease Obligation : HK$0.25 Mil (As of Sep. 2023)

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What is Richly Field China Development Long-Term Capital Lease Obligation?

Richly Field China Development's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.25 Mil.

Richly Field China Development's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2022 (HK$0.00 Mil) to Mar. 2023 (HK$0.00 Mil) but then increased from Mar. 2023 (HK$0.00 Mil) to Sep. 2023 (HK$0.25 Mil).

Richly Field China Development's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$0.00 Mil) to Mar. 2022 (HK$0.11 Mil) but then declined from Mar. 2022 (HK$0.11 Mil) to Mar. 2023 (HK$0.00 Mil).

Richly Field China Development Long-Term Capital Lease Obligation Historical Data

The historical data trend for Richly Field China Development'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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Richly Field China Development Long-Term Capital Lease Obligation Chart

Richly Field China Development Annual Data

Trend

Mar14

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Mar20

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Mar23

Long-Term Capital Lease Obligation

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1.34

0.11

Richly Field China Development Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.38	0.11	-	-	0.25

Richly Field China Development (HKSE:00313) 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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Richly Field China Development (HKSE:00313) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Richly Field China Development Ltd (HKSE:00313) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 223 Hing Fong Road, Unit 1504, 15th Floor, Tower 2, Metroplaza, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.richlyfieldchinagroup.com

Richly Field China Development Ltd is an investment holding company. The group is principally engaged in outlets commercial operation and development and operation of featured commercial properties (such as tourism property, senior care property and wine chateaus), development of high-end residential properties as well as property management. The group's revenue is derived from its property development and investment projects in Changsha, Hunan Province (Changsha Project), Qinhuangdao of Hebei Province (Qinhuangdao Project) and Ningxia, Yinchuan City (Ningxia Project) in the PRC.

Executives

Galaxy Sharp Investment Holdings Limited	2201 Interest of corporation controlled by you
Sino Dynamics Investments Limited	2201 Interest of corporation controlled by you
Wu Peipei	2201 Interest of corporation controlled by you
Wang Hua	2201 Interest of corporation controlled by you
Zhen Xuan Tou Zi You Xian Gong Si	2101 Beneficial owner
Du Wei	2201 Interest of corporation controlled by you
Quan Li Guo Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Jia Yue You Xian Gong Si	2101 Beneficial owner
Mei De Qi Ye You Xian Gong Si	2201 Interest of corporation controlled by you

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