Swire Properties (HKSE:01972) Long-Term Capital Lease Obligation : HK$527 Mil (As of Dec. 2023)

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What is Swire Properties Long-Term Capital Lease Obligation?

Swire Properties's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$527 Mil.

Swire Properties's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$535 Mil) to Jun. 2023 (HK$576 Mil) but then declined from Jun. 2023 (HK$576 Mil) to Dec. 2023 (HK$527 Mil).

Swire Properties's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$517 Mil) to Dec. 2022 (HK$535 Mil) but then declined from Dec. 2022 (HK$535 Mil) to Dec. 2023 (HK$527 Mil).

Swire Properties Long-Term Capital Lease Obligation Historical Data

The historical data trend for Swire Properties'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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Swire Properties Long-Term Capital Lease Obligation Chart

Swire Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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496.00

510.00

517.00

535.00

527.00

Swire Properties 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															517.00	522.00	535.00	576.00	527.00

Swire Properties (HKSE:01972) 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.

Swire Properties Long-Term Capital Lease Obligation Related Terms

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Swire Properties (HKSE:01972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Swire Properties Ltd (HKSE:01972) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SWPFF:USA SW9:Germany

Address

88 Queensway, 33rd Floor, One Pacific Place, Hong Kong, HKG

Website

https://www.swireproperties.com

Swire Properties is a Hong Kong-based property investor, and Hong Kong's largest office landlord. Its Hong Kong portfolio provides more than 13 million square feet of gross floor area, with its portfolio of Grade A office contributing more than 9 million square feet. The firm also holds investment properties and development projects in China, the United States and Southeast Asia. Rental income accounts for over 60% of its total revenue, with property development and hotel operations contributing the balance. The company was listed in 2012. Parent company Swire Pacific holds an 82% stake.

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