Everbright Grand China Assets (HKSE:03699) Long-Term Capital Lease Obligation : HK$0.23 Mil (As of Dec. 2023)

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What is Everbright Grand China Assets Long-Term Capital Lease Obligation?

Everbright Grand China Assets's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.23 Mil.

Everbright Grand China Assets's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$1.57 Mil) to Jun. 2023 (HK$0.93 Mil) and declined from Jun. 2023 (HK$0.93 Mil) to Dec. 2023 (HK$0.23 Mil).

Everbright Grand China Assets's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$2.90 Mil) to Dec. 2022 (HK$1.57 Mil) and declined from Dec. 2022 (HK$1.57 Mil) to Dec. 2023 (HK$0.23 Mil).

Everbright Grand China Assets Long-Term Capital Lease Obligation Historical Data

The historical data trend for Everbright Grand China Assets'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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Everbright Grand China Assets Long-Term Capital Lease Obligation Chart

Everbright Grand China Assets Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.89

0.28

2.90

1.57

0.23

Everbright Grand China Assets Semi-Annual Data
	Dec14	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													2.90	2.25	1.57	0.93	0.23

Everbright Grand China Assets (HKSE:03699) 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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Everbright Grand China Assets (HKSE:03699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Everbright Grand China Assets Ltd (HKSE:03699) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Gloucester Road, Room 1302, 13th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG

Website

https://www.ebgca.com.hk

Everbright Grand China Assets Ltd is a property management company engaged in property leasing, provision of property management services, and sales of properties held for sale. The Group's leasing properties are located in Chengdu, Sichuan province, and Kunming, Yunnan province in the PRC.

Executives

Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Zhong Guo Guang Da Ji Tuan Gu Fen Gong Si	2201 Interest of corporation controlled by you
Top Charm Investments Limited	2101 Beneficial owner
Guo Ji Yong Nian You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Guang Da Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Cai Lian Tou Zi You Xian Gong Si	2101 Beneficial owner

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