Central China Management Co (HKSE:09982) Long-Term Capital Lease Obligation : HK$8.1 Mil (As of Jun. 2023)

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What is Central China Management Co Long-Term Capital Lease Obligation?

Central China Management Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$8.1 Mil.

Central China Management Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (HK$0.9 Mil) to Dec. 2022 (HK$0.7 Mil) but then increased from Dec. 2022 (HK$0.7 Mil) to Jun. 2023 (HK$8.1 Mil).

Central China Management Co's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (HK$6.0 Mil) to Dec. 2021 (HK$2.0 Mil) and declined from Dec. 2021 (HK$2.0 Mil) to Dec. 2022 (HK$0.7 Mil).

Central China Management Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Central China Management 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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Central China Management Co Long-Term Capital Lease Obligation Chart

Central China Management Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

5.04

6.01

1.97

0.71

Central China Management Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				3.83	1.97	0.93	0.71	8.11

Central China Management Co (HKSE:09982) 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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Central China Management Co (HKSE:09982) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Central China Management Co Ltd (HKSE:09982) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Nongye East Road, Room 212, 313, Block C, Jianye Office Building, Henan Province, Zhengzhou, CHN

Website

http://www.centralchinamgt.com

Central China Management Company, or CCMGT, is one of China's leading property project management companies with a dominant market position in Henan province. As a project manager, CCMGT may be involved in overseeing the design, construction, marketing, and sales strategy of a development for its clients, that is, the project owners. CCMGT is a sister company of Central China Real Estate, or CCRE, a prominent real estate developer in Henan. Both CCMGT and CCRE are not government-linked or owned.

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