Sky Chinafortune Holdings Group (HKSE:00141) Long-Term Capital Lease Obligation : HK$0.46 Mil (As of Jun. 2022)

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What is Sky Chinafortune Holdings Group Long-Term Capital Lease Obligation?

Sky Chinafortune Holdings Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was HK$0.46 Mil.

Sky Chinafortune Holdings Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2021 (HK$20.72 Mil) to Dec. 2021 (HK$0.86 Mil) and declined from Dec. 2021 (HK$0.86 Mil) to Jun. 2022 (HK$0.46 Mil).

Sky Chinafortune Holdings Group's annual Long-Term Capital Lease Obligation increased from Dec. 2019 (HK$2.79 Mil) to Dec. 2020 (HK$20.97 Mil) but then declined from Dec. 2020 (HK$20.97 Mil) to Dec. 2021 (HK$0.86 Mil).

Sky Chinafortune Holdings Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sky Chinafortune Holdings Group'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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Sky Chinafortune Holdings Group Long-Term Capital Lease Obligation Chart

Sky Chinafortune Holdings Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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2.79

20.97

0.86

Sky Chinafortune Holdings Group Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.85	20.97	20.72	0.86	0.46

Sky Chinafortune Holdings Group (HKSE:00141) 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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Sky Chinafortune Holdings Group (HKSE:00141) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sky Chinafortune Holdings Group Ltd (HKSE:00141) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-18 Queen’s Road Central, Room 1512, 15th Floor, New World Tower 1, Hong Kong, HKG

Website

http://www.skychinafortune.com

Sky Chinafortune Holdings Group Ltd is an investment holding company. It operates in three segments: Property investment, which includes leasing of properties situated in China; Trading of properties & property-related services, which is into the sale of properties situated in China, including the short-term leasing of properties held for sales and the provision of property-related services; and Retail business segment is into the sale of Chinese liquor and wine, and everyday items and ready-cooked food in the PRC. The majority of its revenue comes from the Property investment segment. The group has operations in the PRC.

Executives

Jiang Jiabao	2101 Beneficial owner
Jiang Tian	2101 Beneficial owner
Hopevision Group Ltd.	2101 Beneficial owner
Shanghai Chongsheng Investment Management Co., Ltd.	2201 Interest of corporation controlled by you

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