Zhongliang Holdings Group Co (HKSE:02772) Long-Term Capital Lease Obligation : HK$2 Mil (As of Dec. 2023)

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What is Zhongliang Holdings Group Co Long-Term Capital Lease Obligation?

Zhongliang Holdings Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2 Mil.

Zhongliang Holdings Group Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$27 Mil) to Jun. 2023 (HK$2 Mil) and declined from Jun. 2023 (HK$2 Mil) to Dec. 2023 (HK$2 Mil).

Zhongliang Holdings Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$53 Mil) to Dec. 2022 (HK$27 Mil) and declined from Dec. 2022 (HK$27 Mil) to Dec. 2023 (HK$2 Mil).

Zhongliang Holdings Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhongliang Holdings Group 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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Zhongliang Holdings Group Co Long-Term Capital Lease Obligation Chart

Zhongliang Holdings Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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111.51

86.18

53.40

26.88

1.51

Zhongliang Holdings Group Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									53.40	44.84	26.88	1.56	1.51

Zhongliang Holdings Group Co (HKSE:02772) 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.

Zhongliang Holdings Group Co Long-Term Capital Lease Obligation Related Terms

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Zhongliang Holdings Group Co (HKSE:02772) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhongliang Holdings Group Co Ltd (HKSE:02772) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

235 Yunling East Road, No. 3, Shanghai Convention and Exhibition Centre of International Sourcing, 20th Floor, Putuo District, Shanghai, CHN

Website

https://www.zldcgroup.com

Zhongliang Holdings Group Co Ltd is a real estate developer. It specializes in the development of residential properties and has recently started to develop, operate and manage commercial properties. The Group derives its revenue from three business lines, namely sales of properties; management consulting services; and rental income from property leases. The Sale of properties is the key driver of revenue for the group.

Executives

Yang Jian
Changxing International Co., Ltd
Changxing Pte. Ltd.
Liangzhong International Co., Ltd.
Ubs Group Ag	2201 Interest of corporation controlled by you
Xu Xiaoqun	2202 Interest of your spouse
Changxing Pte. Ltd.	2301 Trustee
Liangzhong international co., ltd.	2101 Beneficial owner

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