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China South City Holdings (HKSE:01668) Long-Term Capital Lease Obligation : HK$0 Mil (As of Sep. 2023)


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What is China South City Holdings Long-Term Capital Lease Obligation?

China South City Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0 Mil.

China South City Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$0 Mil) to Mar. 2023 (HK$16 Mil) but then declined from Mar. 2023 (HK$16 Mil) to Sep. 2023 (HK$0 Mil).


China South City Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for China South City Holdings'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 South City Holdings Long-Term Capital Lease Obligation Chart

China South City Holdings Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Long-Term Capital Lease Obligation
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China South City Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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China South City Holdings  (HKSE:01668) 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 South City Holdings (HKSE:01668) Business Description

Traded in Other Exchanges
Address
The Gateway, 15 Canton Road, Suite 3306-08, 33rd Floor, Tower 5, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
China South City Holdings Ltd develops and operates large-scale integrated logistics and trade centers in China. It operates in three segments that include property development, property investment and management, and others. The majority of the revenue is generated from the property development segments that include the development of integrated logistics and trade centers and residential and commercial ancillary facilities. The majority of its operations are conducted in the People's Republic of China.

China South City Holdings (HKSE:01668) Headlines

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