China Uptown Group Co (HKSE:02330) Long-Term Capital Lease Obligation : HK$0.77 Mil (As of Dec. 2023)

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What is China Uptown Group Co Long-Term Capital Lease Obligation?

China Uptown Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.77 Mil.

China Uptown Group Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.01 Mil) to Jun. 2023 (HK$0.00 Mil) but then increased from Jun. 2023 (HK$0.00 Mil) to Dec. 2023 (HK$0.77 Mil).

China Uptown Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.39 Mil) to Dec. 2022 (HK$0.01 Mil) but then increased from Dec. 2022 (HK$0.01 Mil) to Dec. 2023 (HK$0.77 Mil).

China Uptown Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Uptown Group 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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China Uptown Group Co Long-Term Capital Lease Obligation Chart

China Uptown Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.43

0.03

0.39

0.01

0.77

China Uptown Group Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.39	0.01	0.01	-	0.77

China Uptown Group Co (HKSE:02330) 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 Uptown Group Co (HKSE:02330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Uptown Group Co Ltd (HKSE:02330) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

30 Canton Road, Suite 1501, 15th Floor, Tower 1, Silvercord, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

http://www.chinauptown.com.hk

China Uptown Group Co Ltd is an investment holding company. The company, through its subsidiaries, is engaged in the business segments of Property development and investment, and Trading of raw cane sugar. The Property development and investment segment develops and sells office premises, commercial and residential properties, and car parking spaces. This segment also generates rental income from investment properties and achieves gain from the appreciation of the property's values in the long term. The Trading of raw cane sugar segment trades raw cane sugar on a worldwide basis.

Executives

Liu Dong	2201 Interest of corporation controlled by you
Ming Hung Fung Company Limited	2101 Beneficial owner
China Sugar Holdings Limited	2101 Beneficial owner
Chen Qiang	2101 Beneficial owner
Liu Zhongxiang	2101 Beneficial owner

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