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Logan Group Co (HKSE:03380) Long-Term Capital Lease Obligation : HK$0 Mil (As of Jun. 2024)


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What is Logan Group Co Long-Term Capital Lease Obligation?

Logan Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0 Mil.


Logan Group Co Long-Term Capital Lease Obligation Historical Data

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

Logan Group Co Annual Data
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Long-Term Capital Lease Obligation
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Logan Group Co Semi-Annual Data
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Logan Group Co  (HKSE:03380) 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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Logan Group Co Business Description

Industry
Traded in Other Exchanges
Address
South Xinghua Road, Floor 15, Room 2002, Tower B, Longguang Century Building, Bao\'An District, Guangdong, Shenzen, CHN
Logan Group Co Ltd is a general real estate investment company. The company operates multiple segments, including property development, Property operation, Development Management, and Urban redevelopment along with Property operation segment The vast majority of revenue is generated by its property development segment, followed by development management. The development business is focused on the development of residential properties and retail shops, while its management operations are focused on office properties and residential buildings. It generates all of its revenue in Mainland China.
Executives
Kei Perenna Hoi Ting 2201 Interest of corporation controlled by you
Junxi Investments Limited 2101 Beneficial owner
Kei Family United Limited 2201 Interest of corporation controlled by you
Credit Suisse Trust Limited 2301 Trustee
Dragon Jubilee Investments Limited 2101 Beneficial owner
Kei Hoi Pang 2501 Other

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