Midea Real Estate Holding (FRA:MR9) Long-Term Capital Lease Obligation : €6 Mil (As of Jun. 2024)

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What is Midea Real Estate Holding Long-Term Capital Lease Obligation?

Midea Real Estate Holding's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €6 Mil.

Midea Real Estate Holding's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€8 Mil) to Dec. 2023 (€6 Mil) but then increased from Dec. 2023 (€6 Mil) to Jun. 2024 (€6 Mil).

Midea Real Estate Holding's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€19 Mil) to Dec. 2022 (€12 Mil) and declined from Dec. 2022 (€12 Mil) to Dec. 2023 (€6 Mil).

Midea Real Estate Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Midea Real Estate Holding'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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Midea Real Estate Holding Long-Term Capital Lease Obligation Chart

Midea Real Estate Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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25.62

22.14

19.47

12.21

5.64

Midea Real Estate Holding Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											15.91	12.21	7.67	5.64	5.90

Midea Real Estate Holding (FRA:MR9) 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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Midea Real Estate Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Midea Real Estate Holding Ltd (FRA:MR9) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

03990:Hong Kong

Address

No.1 Chengde Road, 34th Floor, Tower 4, Midea Real Estate Plaza, Shunde District, Guangdong Province, Foshan, CHN, 528311

Website

https://www.mideadc.com

Midea Real Estate Holding Ltd is a real estate development company that offers real estate services. It operates through three principal business segments: Property development and sales; Property management services; and Investment and operation of commercial properties. Property development and sales generates majority of the revenue.

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