GR Life Style Co (HKSE:00108) Long-Term Capital Lease Obligation : HK$1.5 Mil (As of Dec. 2023)

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What is GR Life Style Co Long-Term Capital Lease Obligation?

GR Life Style Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.5 Mil.

GR Life Style Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$2.9 Mil) to Jun. 2023 (HK$0.0 Mil) but then increased from Jun. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$1.5 Mil).

GR Life Style Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$2.0 Mil) to Dec. 2022 (HK$2.9 Mil) but then declined from Dec. 2022 (HK$2.9 Mil) to Dec. 2023 (HK$1.5 Mil).

GR Life Style Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for GR Life Style 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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GR Life Style Co Long-Term Capital Lease Obligation Chart

GR Life Style Co Annual Data

Trend

Jan14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.57

1.99

2.95

1.45

GR Life Style Co Semi-Annual Data
	Jul13	Jan14	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															1.99	-	2.95	-	1.45

GR Life Style Co (HKSE:00108) 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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GR Life Style Co (HKSE:00108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » GR Life Style Co Ltd (HKSE:00108) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 89 Queensway, Unit 3505, Tower One, Lippo Centre, Hong Kong, HKG

Website

http://www.grproperties.com.hk

GR Life Style Co Ltd Formerly GR Properties Ltd is a Hong Kong-based investment holding company engaged in property businesses. It operates through the segments of property development and investment segment engages in property development and investment in the UK, the USA, and Mainland China; and the property management segment, which is the key revenue driver, engages in the provision of property management services for office buildings, residential properties and car parks in Mainland China.

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