Red Star Macalline Group (HKSE:01528) Long-Term Capital Lease Obligation : HK$2,937 Mil (As of Mar. 2024)

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What is Red Star Macalline Group Long-Term Capital Lease Obligation?

Red Star Macalline Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$2,937 Mil.

Red Star Macalline Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (HK$3,309 Mil) to Dec. 2023 (HK$3,087 Mil) and declined from Dec. 2023 (HK$3,087 Mil) to Mar. 2024 (HK$2,937 Mil).

Red Star Macalline Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$5,083 Mil) to Dec. 2022 (HK$3,821 Mil) and declined from Dec. 2022 (HK$3,821 Mil) to Dec. 2023 (HK$3,087 Mil).

Red Star Macalline Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Red Star Macalline 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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Red Star Macalline Group Long-Term Capital Lease Obligation Chart

Red Star Macalline Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,696.36

5,009.57

5,082.95

3,820.94

3,087.06

Red Star Macalline Group Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	3,463.24	3,309.31	3,087.06	2,937.31

Red Star Macalline Group (HKSE:01528) 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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Red Star Macalline Group (HKSE:01528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Red Star Macalline Group Corp Ltd (HKSE:01528) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

601828:China

Address

No. 2/5, Lane 1466, Shenchang Road, Minhang District, Shanghai, CHN

Website

https://www.chinaredstar.com

Red Star Macalline Group Corp Ltd operates home improvement and furnishings shopping malls in China. It has various segments.Owned/Leased Portfolio Shopping Malls segment, which is the key revenue driver, leases floor areas to the tenants and provides management support to them. Managed Shopping Malls segment provides initiation, consultation, and management services to its partners and construction contractors to develop and manage the shopping malls under its own brand. The Construction and design segment provides building installation and decorating services in shopping malls. Sales of merchandise and related services segment include retail sales of home furnishing merchandise and providing related decorating services. All of its revenues are derived from the PRC.

Executives

Taobao China Holding Limited	2101 Beneficial owner
Taobao Holding Limited	2201 Interest of corporation controlled by you
Alibaba Investment Limited	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Fund Gp, L.p.	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Fund, L.p.	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Gp Limited	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Investments 4 Limited	2101 Beneficial owner
Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Wong Man Li	2201 Interest of corporation controlled by you
Hui Wai Hing	2202 Interest of your spouse
Man Wah Investments Limited	2101 Beneficial owner
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Xi Xi Development Limited	2201 Interest of corporation controlled by you
New Fortune Star Limited	2201 Interest of corporation controlled by you
Wong Luen Hei	2307 Founder of a discretionary trust who can infl

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