Greentown Service Group Co (HKSE:02869) Long-Term Capital Lease Obligation : HK$1,236 Mil (As of Dec. 2023)

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What is Greentown Service Group Co Long-Term Capital Lease Obligation?

Greentown Service Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,236 Mil.

Greentown Service Group Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$1,404 Mil) to Jun. 2023 (HK$1,250 Mil) and declined from Jun. 2023 (HK$1,250 Mil) to Dec. 2023 (HK$1,236 Mil).

Greentown Service Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$1,182 Mil) to Dec. 2022 (HK$1,404 Mil) but then declined from Dec. 2022 (HK$1,404 Mil) to Dec. 2023 (HK$1,236 Mil).

Greentown Service Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Greentown Service 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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Greentown Service Group Co Long-Term Capital Lease Obligation Chart

Greentown Service Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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927.36

1,229.83

1,182.34

1,404.39

1,235.93

Greentown Service Group Co Semi-Annual Data
	Dec13	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															1,182.34	1,194.95	1,404.39	1,249.71	1,235.93

Greentown Service Group Co (HKSE:02869) 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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Greentown Service Group Co (HKSE:02869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Greentown Service Group Co Ltd (HKSE:02869) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No.767 West Wenyi Road, Block B, Xixi International Business Center, Zhejiang Province, Hangzhou, CHN

Website

https://www.lvchengfuwu.com

Greentown Service Group, or GSG, is the sister company of property developer Greentown China. GSG is one of the first China property management firms listed in Hong Kong since July 2016. Headquartered in Hangzhou, GSG is a leading service provider in the Yangtze River Delta focusing on high-end residential properties, with core property management contributing to more than 60% of GSG's revenue. Other key earnings contributors include community value added services and project consultancy services to developers. The founding shareholders, who also control Greentown China, collectively own over a 40% stake in GSG in 2022. China property developer Longfor Group holds around 9% equity interest in GSG.

Executives

Lily International Investment Company Limited
Orchid Garden Investment Company Limited
Osmanthus Garden Investment Company Limited
Shenalan International Investment Company Limited
Ju Jianhua
Li Hairong
Lilac International Investment Company Limited
Song Weiping
Xia Yibo
Shou Bainian
Yiheng Capital, Llc
Longfor Group Holdings Ltd

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