Xinji Shaxi Group Co (HKSE:03603) Long-Term Capital Lease Obligation : HK$203.1 Mil (As of Dec. 2023)

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What is Xinji Shaxi Group Co Long-Term Capital Lease Obligation?

Xinji Shaxi Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$203.1 Mil.

Xinji Shaxi Group Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$139.5 Mil) to Jun. 2023 (HK$219.4 Mil) but then declined from Jun. 2023 (HK$219.4 Mil) to Dec. 2023 (HK$203.1 Mil).

Xinji Shaxi Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$159.5 Mil) to Dec. 2022 (HK$139.5 Mil) but then increased from Dec. 2022 (HK$139.5 Mil) to Dec. 2023 (HK$203.1 Mil).

Xinji Shaxi Group Co Long-Term Capital Lease Obligation Historical Data

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

Xinji Shaxi Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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145.78

175.34

159.46

139.45

203.07

Xinji Shaxi Group 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								159.46	144.48	139.45	219.39	203.07

Xinji Shaxi Group Co (HKSE:03603) 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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Xinji Shaxi Group Co (HKSE:03603) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Xinji Shaxi Group Co Ltd (HKSE:03603) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

136–138 Austin Road, 3/F Golden Gate Commercial Building, Rooms 301–303, Tsim Sha Tsui, Kowloon, HKG

Website

https://www.xjsx.net.cn

Xinji Shaxi Group Co Ltd is engaged in managing owned and leased portfolio shopping mall which derives revenue from leasing floor areas to the tenants and providing comprehensive and continuous operation and management support to them in the PRC. It operates and manages hospitality supplies and home furnishing shopping malls, exhibition management services, and online shopping malls. The company has two operating segments which are Property leasing and Property management services of which it generates the majority of its revenue from Property leasing. Geographically the company operates in Hong Kong and the People's Republic of China.

Executives

Huang Wanyi
Mei Zuoting
Weixin Development Overseas Limited
Zhang Weixin
Zuoting Investment Limited
Cheung Hon Chuen
Honchuen Investment Limited
Lin Yi	2201 Interest of corporation controlled by you
Al Capital Holdings International Pte. Ltd.	2201 Interest of corporation controlled by you
Straits Universal Limited	2201 Interest of corporation controlled by you
Al Capital Funds Vcc For A/c Of Al Capital Global Opportunities Fund	2102 Investment manager
Honchuen Investment Limited	2101 Beneficial owner
Zhanpeng Investment (hongkong) Company Limited	2101 Beneficial owner
Huiqun Investment Limited	2101 Beneficial owner

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