Sunac China Holdings (HKSE:01918) Long-Term Capital Lease Obligation : HK$471 Mil (As of Dec. 2023)

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What is Sunac China Holdings Long-Term Capital Lease Obligation?

Sunac China Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$471 Mil.

Sunac China Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$576 Mil) to Jun. 2023 (HK$521 Mil) and declined from Jun. 2023 (HK$521 Mil) to Dec. 2023 (HK$471 Mil).

Sunac China Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$655 Mil) to Dec. 2022 (HK$576 Mil) and declined from Dec. 2022 (HK$576 Mil) to Dec. 2023 (HK$471 Mil).

Sunac China Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sunac China 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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Sunac China Holdings Long-Term Capital Lease Obligation Chart

Sunac China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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486.10

530.83

655.47

576.28

470.67

Sunac China 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															655.47	618.13	576.28	521.33	470.67

Sunac China Holdings (HKSE:01918) 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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Sunac China Holdings (HKSE:01918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sunac China Holdings Ltd (HKSE:01918) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

SCNR:Germany

Address

No.278, Hongqi Road, Building 1, East Side in Hopsca Center International, Nankai District, Tianjin, CHN, 300381

Website

https://www.sunac.com.cn

Property developer Sunac China commenced operations in 2003 and listed on the Hong Kong exchange in 2010. Based in Tianjin, Sunac is geographically well diversified across China like many large-scale listed PRC developers, and into major cities including Shanghai, Beijing, Guangzhou, Shenzhen and Hainan. Sunac is founded by Sun Hongbin, major shareholder and chairman of the company that previously established Sunco Group and adopted a high leverage strategy, which Sunac also then embraced. On top of aggressive asset expansion in recent years, the significant acquisition of a stake in non-related business Leshi Internet, as well as the landmark portfolio acquisition of Dalian Wanda theme park assets on the back of a highly leveraged balance sheet, have also garnered much market attention.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Am Asia Strategies Master Fund Lp	2101 Beneficial owner
Sun Hongbin	2307 Founder of a discretionary trust who can infl
Sunac International Investment Holdings Ltd	2101 Beneficial owner
Gai Gong Si Wei Sun Hong Bin Xian Sheng Jia Zu Xin Tuo De Shou Tuo Ren	2201 Interest of corporation controlled by you

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