City Developments (City Developments) Long-Term Capital Lease Obligation : $487 Mil (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is City Developments Long-Term Capital Lease Obligation?

City Developments's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $487 Mil.

City Developments's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($498 Mil) to Jun. 2023 ($486 Mil) but then increased from Jun. 2023 ($486 Mil) to Dec. 2023 ($487 Mil).

City Developments's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($180 Mil) to Dec. 2022 ($498 Mil) but then declined from Dec. 2022 ($498 Mil) to Dec. 2023 ($487 Mil).

City Developments Long-Term Capital Lease Obligation Historical Data

The historical data trend for City Developments'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.

* Premium members only.

City Developments Long-Term Capital Lease Obligation Chart

City Developments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

139.66

178.52

180.43

497.58

487.05

City Developments 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															180.43	498.66	497.58	485.87	487.05

City Developments (OTCPK:CDEVF) 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.

City Developments Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of City Developments's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

City Developments (City Developments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » City Developments Ltd (OTCPK:CDEVF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CDEVY:USA C70.PFD:Singapore C09:Singapore

Address

9 Raffles Place, No. 12-01 Republic Plaza, Singapore, SGP, 048619

Website

http://www.cdl.com.sg

City Developments, or CDL, is a listed property group of parent company Hong Leong Group. CDL's main businesses in property development and hotel operations makes up the majority of the group's operating profit. A portfolio of investment properties underpins recurring rental income and increasing income from investment properties is a key strategy for the group in the medium term. CDL's key geography is in Singapore with almost half of the group's total assets derived there. Its expansion into international markets is focused on the United Kingdom, China and Japan. CDL privatized its hotel operations, Millennium and Copthorne in 2019.

City Developments (City Developments) Headlines

From GuruFocus

CDL Integrated Sustainability Report 2018: On Track To Achieve Sustainability Goals Amid Increased Regulations, Green Consumerism And Investment

By ACCESSWIRE AccessWire • 04-12-2019