Redsun Properties Group (HKSE:01996) Long-Term Capital Lease Obligation : HK$473 Mil (As of Dec. 2024)

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What is Redsun Properties Group Long-Term Capital Lease Obligation?

Redsun Properties Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$473 Mil.

Redsun Properties Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$882 Mil) to Jun. 2024 (HK$841 Mil) and declined from Jun. 2024 (HK$841 Mil) to Dec. 2024 (HK$473 Mil).

Redsun Properties Group's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$1,483 Mil) to Dec. 2023 (HK$882 Mil) and declined from Dec. 2023 (HK$882 Mil) to Dec. 2024 (HK$473 Mil).

Redsun Properties Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Redsun Properties 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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Redsun Properties Group Long-Term Capital Lease Obligation Chart

Redsun Properties Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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2,069.33

2,038.47

1,482.54

882.06

472.79

Redsun Properties Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													1,482.54	1,416.46	882.06	840.93	472.79

Redsun Properties Group (HKSE:01996) 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.

Redsun Properties Group Long-Term Capital Lease Obligation Related Terms

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Redsun Properties Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Redsun Properties Group Ltd (HKSE:01996) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 9 Daqiao North Road, 26th Floor, Hong Yang Building, Pukou District, Jiangsu Province, Nanjing, CHN

Website

https://www.rsunproperty.hk

Redsun Properties Group Ltd is a China-based company that engages in the property development and commercial real estate business. Its business operations consist of three principal business segments: Property Development and Sales; Commercial Property Investment and Operations, and Hotel Operations. The company derived its revenue from the sale of its developed residential properties and supporting retail properties, rental income from the investment in and operation of commercial properties, and service fee income from its hotel operations.

Executives

Hong Yang Group (holdings) Limited	2201 Interest of corporation controlled by you
Hong Yang Group Company Limited	2201 Interest of corporation controlled by you
Hong Yang International Limited	2201 Interest of corporation controlled by you
Redsun Properties Group (holdings) Limited	2101 Beneficial owner
Chen Sihong	2202 Interest of your spouse
Zeng Huansha	2201 Interest of corporation controlled by you

Redsun Properties Group Headlines

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