China Merchants Land (HKSE:00978) Long-Term Capital Lease Obligation : HK$345 Mil (As of Dec. 2023)

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What is China Merchants Land Long-Term Capital Lease Obligation?

China Merchants Land's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$345 Mil.

China Merchants Land's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$419 Mil) to Jun. 2023 (HK$382 Mil) and declined from Jun. 2023 (HK$382 Mil) to Dec. 2023 (HK$345 Mil).

China Merchants Land's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$460 Mil) to Dec. 2022 (HK$419 Mil) and declined from Dec. 2022 (HK$419 Mil) to Dec. 2023 (HK$345 Mil).

China Merchants Land Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Merchants Land'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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China Merchants Land Long-Term Capital Lease Obligation Chart

China Merchants Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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283.54

487.14

460.36

418.84

344.82

China Merchants Land 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															460.36	469.16	418.84	381.88	344.82

China Merchants Land (HKSE:00978) 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.

China Merchants Land Long-Term Capital Lease Obligation Related Terms

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China Merchants Land (HKSE:00978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Merchants Land Ltd (HKSE:00978) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

TNY1:Germany

Address

Nos. 168-200 Connaught Road, Room 2603 to 2606, 26th Floor, China Merchants Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

http://www.cmland.hk

China Merchants Land Ltd is an investment holding company that operates through two segments. The properties segment, which generates almost all the company's sales, is engaged in real estate development and leasing, and the Asset Management segment. Asset management segment includes office premises and shopping malls. The company operates primarily in Mainland China.

Executives

China Merchants Group Co., Ltd.	2201 Interest of corporation controlled by you
China Merchants Shekou Industrial Zone Holdings Company Limited	2201 Interest of corporation controlled by you

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