Country Garden Services Holdings Co (HKSE:06098) Long-Term Capital Lease Obligation : HK$2,423 Mil (As of Jun. 2023)

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What is Country Garden Services Holdings Co Long-Term Capital Lease Obligation?

Country Garden Services Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$2,423 Mil.

Country Garden Services Holdings Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (HK$1,335 Mil) to Dec. 2022 (HK$2,293 Mil) and increased from Dec. 2022 (HK$2,293 Mil) to Jun. 2023 (HK$2,423 Mil).

Country Garden Services Holdings Co's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (HK$65 Mil) to Dec. 2021 (HK$1,141 Mil) and increased from Dec. 2021 (HK$1,141 Mil) to Dec. 2022 (HK$2,293 Mil).

Country Garden Services Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Country Garden Services Holdings 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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Country Garden Services Holdings Co Long-Term Capital Lease Obligation Chart

Country Garden Services Holdings Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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21.61

64.70

1,140.82

2,293.49

1,480.35

Country Garden Services Holdings Co Semi-Annual Data
	Dec15	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											1,140.82	1,335.20	2,293.49	2,423.40	1,480.35

Country Garden Services Holdings Co (HKSE:06098) 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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Country Garden Services Holdings Co (HKSE:06098) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Country Garden Services Holdings Co Ltd (HKSE:06098) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CGSHY:USA CTRGF:USA 75H:Germany

Address

West Building of Country Garden Office, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528312

Website

http://www.bgyfw.com

Country Garden Services was listed on the Hong Kong Stock Exchange in June 2018 as a spinoff via introduction by sister developer Country Garden Holdings. As of June 2022, Yang Huiyan, chairperson of CGH, was also the largest shareholder of CGS with 43% ownership. CGS was the top residential property management firm in China in revenue and gross floor area under management for 2022. This is mainly ascribed to scalable projects contributed by CGH and rising acquisitions of third-party property management peers. In addition, CGS provides value-added services to developers and homeowners, and city services on public space sanitation and greening.

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