Shimao Group Holdings (HKSE:00813) Long-Term Capital Lease Obligation : HK$45 Mil (As of Dec. 2023)

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What is Shimao Group Holdings Long-Term Capital Lease Obligation?

Shimao Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$45 Mil.

Shimao Group Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$81 Mil) to Jun. 2023 (HK$80 Mil) and declined from Jun. 2023 (HK$80 Mil) to Dec. 2023 (HK$45 Mil).

Shimao Group Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$56 Mil) to Dec. 2022 (HK$81 Mil) but then declined from Dec. 2022 (HK$81 Mil) to Dec. 2023 (HK$45 Mil).

Shimao Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shimao Group Holdings'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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Shimao Group Holdings Long-Term Capital Lease Obligation Chart

Shimao Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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103.50

46.77

56.01

80.76

45.37

Shimao Group Holdings 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															56.01	-	80.76	80.48	45.37

Shimao Group Holdings (HKSE:00813) 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.

Shimao Group Holdings Long-Term Capital Lease Obligation Related Terms

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Shimao Group Holdings (HKSE:00813) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shimao Group Holdings Ltd (HKSE:00813) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

SIOPF:USA QHI:Germany

Address

89 Queensway, 1st Floor, Block 38, Hong Kong Lippo Centre, Hong Kong, HKG

Website

http://www.shimaogroup.hk

Shimao Group Holdings, formerly Shimao Property, is a large real estate developer in China. In addition to property development as the core business, the company plans to raise non-development revenue, which includes property investment, hotels and property management services. Shimao holds residential development projects and hotels, while its 59%-owned Shanghai Shimao holds commercial projects. The two entities collaborate on large mixed-use projects. The free float is about 35%, with the company's founder, Hui Wing Mau, holding the remaining stake.

Executives

Gemfair Investments Limited	2101 Beneficial owner
Overseas Investment Group International Limited	2501 Other
Shiying Finance Limited	2101 Beneficial owner
Hui Wing Mau	2201 Interest of corporation controlled by you

Shimao Group Holdings (HKSE:00813) Headlines

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