Greentown Management Holdings Co (HKSE:09979) Long-Term Capital Lease Obligation : HK$4 Mil (As of Dec. 2023)

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What is Greentown Management Holdings Co Long-Term Capital Lease Obligation?

Greentown Management Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$4 Mil.

Greentown Management Holdings Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$10 Mil) to Jun. 2023 (HK$7 Mil) and declined from Jun. 2023 (HK$7 Mil) to Dec. 2023 (HK$4 Mil).

Greentown Management Holdings Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$12 Mil) to Dec. 2022 (HK$10 Mil) and declined from Dec. 2022 (HK$10 Mil) to Dec. 2023 (HK$4 Mil).

Greentown Management Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Greentown Management 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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Greentown Management Holdings Co Long-Term Capital Lease Obligation Chart

Greentown Management Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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9.88

10.53

11.96

10.21

3.66

Greentown Management Holdings Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							11.96	10.65	10.21	6.72	3.66

Greentown Management Holdings Co (HKSE:09979) 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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Greentown Management Holdings Co (HKSE:09979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Greentown Management Holdings Co Ltd (HKSE:09979) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

767 Wen Yi West Road, Xixi International, 9th Floor, Block C, Xihu District, Zhejiang, Hangzhou, CHN

Website

https://www.lcgljt.com

Greentown Management Holdings Co Ltd is the project management company in the PRC. The company's operating segments are Commercial Project Management, Government Project Management, and Other Services. The firm generates a majority of its revenue from Commercial project management which is engaged in providing property development management service to project owner; Governmental project management provides property development management service to the government on resettlement housing property development projects and public infrastructure.

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