China Jinmao Holdings Group (HKSE:00817) Long-Term Capital Lease Obligation : HK$1,006 Mil (As of Dec. 2023)

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What is China Jinmao Holdings Group Long-Term Capital Lease Obligation?

China Jinmao Holdings Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,006 Mil.

China Jinmao Holdings Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$1,062 Mil) to Jun. 2023 (HK$1,072 Mil) but then declined from Jun. 2023 (HK$1,072 Mil) to Dec. 2023 (HK$1,006 Mil).

China Jinmao Holdings Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1,162 Mil) to Dec. 2022 (HK$1,062 Mil) and declined from Dec. 2022 (HK$1,062 Mil) to Dec. 2023 (HK$1,006 Mil).

China Jinmao Holdings Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Jinmao 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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China Jinmao Holdings Group Long-Term Capital Lease Obligation Chart

China Jinmao Holdings Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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133.94

1,189.02

1,161.74

1,061.61

1,006.43

China Jinmao Holdings Group 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															1,161.74	1,083.59	1,061.61	1,071.77	1,006.43

China Jinmao Holdings Group (HKSE:00817) 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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China Jinmao Holdings Group (HKSE:00817) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Jinmao Holdings Group Ltd (HKSE:00817) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

3F5:Germany

Address

No. 1 Harbour Road, Room 4702-4703, 47th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG

Website

https://www.chinajinmao.cn

China Jinmao, formerly known as Franshion Properties, is a mid-cap real estate developer in China, and listed on the Hong Kong stock exchange in 2007. As the real estate arm of Sinochem, a leading government-controlled chemical-producing conglomerate, China Jinmao focuses on the development of high-end residential projects in higher-tier cities of China with premium pricing. It also engages in a unique city operation model, in which it has opportunities to participate in large-scale primary and secondary land development through specific agreements with local government. Under the mixed ownership reform initiative, China Jinmao brought in Ping An as a long-term financial investor and as the second largest shareholder.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Zhong Guo Zhong Hua Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Zhong Hua Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Hua Xiang Gang Ji Tuan You Xian Gong Si	2101 Beneficial owner
Zhong Guo Zhong Hua Kong Gu You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ping An Ren Shou Bao Xian Gu Fen You Xian Gong Si	2501 Other
Ping An Of China Asset Management (hong Kong) Company Limited
New China Asset Management Company Limited	2201 Interest of corporation controlled by you
New China Life Insurance Company Ltd.	2201 Interest of corporation controlled by you
New China Asset Management (hong Kong) Limited	2201 Interest of corporation controlled by you

China Jinmao Holdings Group (HKSE:00817) Headlines

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