Yincheng Life Service Co (HKSE:01922) Long-Term Capital Lease Obligation : HK$45 Mil (As of Dec. 2023)

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What is Yincheng Life Service Co Long-Term Capital Lease Obligation?

Yincheng Life Service Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$45 Mil.

Yincheng Life Service Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$10 Mil) to Jun. 2023 (HK$38 Mil) and increased from Jun. 2023 (HK$38 Mil) to Dec. 2023 (HK$45 Mil).

Yincheng Life Service Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$12 Mil) to Dec. 2022 (HK$10 Mil) but then increased from Dec. 2022 (HK$10 Mil) to Dec. 2023 (HK$45 Mil).

Yincheng Life Service Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Yincheng Life Service Co'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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Yincheng Life Service Co Long-Term Capital Lease Obligation Chart

Yincheng Life Service Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.52

0.05

11.80

10.04

44.86

Yincheng Life Service Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								11.80	13.89	10.04	38.37	44.86

Yincheng Life Service Co (HKSE:01922) 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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Yincheng Life Service Co (HKSE:01922) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Yincheng Life Service Co Ltd (HKSE:01922) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

289 Jiangdong Avenue North, 5th Floor, Block A Yincheng Plaza, Jiangsu Province, Nanjing, CHN

Website

http://www.yinchenglife.hk

Yincheng Life Service Co Ltd is a property management service provider. It provides diversified property management services and value-added services for living communities. The business covers a wide range of properties, including residential and non-residential properties such as government facilities, financial institutions, property sales offices, hospitals, commercial complex, parks, highway service areas.

Executives

First Beijing Investment Limited	2102 Investment manager
Silver Huang Holding Limited	2101 Beneficial owner
Huang Qingping	2201 Interest of corporation controlled by you
Hongkong Ruihua Investment Management Limited	2101 Beneficial owner
Zhang Jianbin	2201 Interest of corporation controlled by you
Jiang Su Rui Hua Tou Zi Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Silver Zhu Holding Limited	2101 Beneficial owner
Zhu Linnan	2201 Interest of corporation controlled by you

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