China Resources Land (HKSE:01109) Long-Term Capital Lease Obligation : HK$5,982 Mil (As of Dec. 2023)

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

China Resources Land's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$5,982 Mil.

China Resources Land's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$6,831 Mil) to Jun. 2023 (HK$6,547 Mil) and declined from Jun. 2023 (HK$6,547 Mil) to Dec. 2023 (HK$5,982 Mil).

China Resources Land's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$5,826 Mil) to Dec. 2022 (HK$6,831 Mil) but then declined from Dec. 2022 (HK$6,831 Mil) to Dec. 2023 (HK$5,982 Mil).

China Resources Land Long-Term Capital Lease Obligation Historical Data

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

China Resources Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,452.83

6,231.25

5,825.80

6,830.73

5,982.33

China Resources 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															5,825.80	6,144.24	6,830.73	6,546.89	5,982.33

China Resources Land (HKSE:01109) 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 Resources Land Long-Term Capital Lease Obligation Related Terms

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China Resources Land (HKSE:01109) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Resources Land Ltd (HKSE:01109) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

CRBJY:USA CRBJF:USA CHZ:Germany

Address

26 Harbour Road, 46th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crland.com.hk

China Resources Land, or CR Land, is a leading real estate developer with nationwide coverage in China. Aside from the core development business, CR Land differentiates itself from peers with a significant investment property portfolio with luxury focused MixC malls, and it holds a 73.7% stake in listed property management company China Resources Mixc Lifestyle Services. CR Land is a subsidiary of China Resources Holdings, or CR Holdings, a sizable state-owned conglomerate with a diverse presence in the utilities, consumer goods, medical, and property sectors. CR Holdings holds about a 60% stake in CR Land.

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