Evergrande Property Services Group (HKSE:06666) Long-Term Capital Lease Obligation : HK$20 Mil (As of Dec. 2023)

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What is Evergrande Property Services Group Long-Term Capital Lease Obligation?

Evergrande Property Services Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$20 Mil.

Evergrande Property Services Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$139 Mil) to Jun. 2023 (HK$108 Mil) and declined from Jun. 2023 (HK$108 Mil) to Dec. 2023 (HK$20 Mil).

Evergrande Property Services Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$268 Mil) to Dec. 2022 (HK$139 Mil) and declined from Dec. 2022 (HK$139 Mil) to Dec. 2023 (HK$20 Mil).

Evergrande Property Services Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Evergrande Property Services Group'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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Evergrande Property Services Group Long-Term Capital Lease Obligation Chart

Evergrande Property Services Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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14.19

13.41

267.61

139.35

19.89

Evergrande Property Services Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							267.61	155.27	139.35	108.25	19.89

Evergrande Property Services Group (HKSE:06666) 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.

Evergrande Property Services Group Long-Term Capital Lease Obligation Related Terms

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Evergrande Property Services Group (HKSE:06666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Evergrande Property Services Group Ltd (HKSE:06666) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

EVGPF:USA

Address

No. 78, Huangpu Avenue West, Third Compartment of Room 3101, Tianhe District, Guangdong, Guangzhou, CHN, 510660

Website

https://www.evergrandeservice.com

Evergrande Property Services Group Ltd is a property management service providers in China. It manages a diverse portfolio of properties, including mid- to high-end residential properties, office buildings and commercial properties. Further, it also manages other types of properties such as theme parks, industrial parks, healthcare complexes, themed towns and schools, among others.

Executives

China Evergrande Group	2201 Interest of corporation controlled by you
Ding Yu Mei	2202 Interest of your spouse
Hui Ka Yan	2201 Interest of corporation controlled by you
Xin Xin (bvi) Limited	2201 Interest of corporation controlled by you
Anji (bvi) Limited	2201 Interest of corporation controlled by you
Ceg Holdings (bvi) Limited	2101 Beneficial owner
Shengjian (bvi) Limited	2201 Interest of corporation controlled by you

Evergrande Property Services Group (HKSE:06666) Headlines

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