Shifang Holding (HKSE:01831) Long-Term Capital Lease Obligation : HK$5.60 Mil (As of Dec. 2024)

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What is Shifang Holding Long-Term Capital Lease Obligation?

Shifang Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$5.60 Mil.

Shifang Holding's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$3.56 Mil) to Dec. 2023 (HK$2.40 Mil) but then increased from Dec. 2023 (HK$2.40 Mil) to Dec. 2024 (HK$5.60 Mil).

Shifang Holding's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (HK$6.14 Mil) to Dec. 2021 (HK$5.75 Mil) and declined from Dec. 2021 (HK$5.75 Mil) to Dec. 2022 (HK$4.82 Mil).

Shifang Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shifang Holding'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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Shifang Holding Long-Term Capital Lease Obligation Chart

Shifang Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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10.25

6.14

5.75

4.82

Shifang Holding Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.06	4.82	3.56	2.40	5.60

Shifang Holding (HKSE:01831) 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.

Shifang Holding Long-Term Capital Lease Obligation Related Terms

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Shifang Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shifang Holding Ltd (HKSE:01831) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 121 Gutian Road, 6th Floor, Hua Fu Mansion, Gulou District, Fujian Province, Fuzhou, CHN, 350005

Website

http://www.shifangholding.com

Shifang Holding Ltd is an investment holding company engaged in the business of publishing and advertising in the People's Republic of China. The company operates in two business segments; Publishing and advertising segment includes the provision of advertising services, marketing and consulting services, printing services, and agency commission from sales of service pack; The tourism and integrated developments segment include the provision of tourism and integrated services through its media, resort, and eco-tourism integrated development projects and sales of agricultural products, including the Yongtai Distinctive Town Project and Cooperative Project in YongFu Town. Maximum revenue is gained from Publishing and advertising segment. The company operates in the PRC.

Executives

Chen Zhi
Nian Jiaxing	2101 Beneficial owner
Sheng Ping Guo Ji Fa Zhan You Xian Gong Si
Forever Joy Investments Limited	2101 Beneficial owner
Xu Dan	2201 Interest of corporation controlled by you
Shenzhen Energy Gaofei Fund Management Co., Ltd	2101 Beneficial owner
Ye Xuejin	2201 Interest of corporation controlled by you
Victory Color International Investment Limited	2101 Beneficial owner
Wu Yufang	2201 Interest of corporation controlled by you

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