Sunkwan Properties Group (HKSE:06900) Long-Term Capital Lease Obligation : HK$0 Mil (As of Jun. 2023)

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What is Sunkwan Properties Group Long-Term Capital Lease Obligation?

Sunkwan Properties Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$0 Mil.

Sunkwan Properties Group's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (HK$65 Mil) to Dec. 2021 (HK$31 Mil) and declined from Dec. 2021 (HK$31 Mil) to Dec. 2022 (HK$0 Mil).

Sunkwan Properties Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sunkwan Properties 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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Sunkwan Properties Group Long-Term Capital Lease Obligation Chart

Sunkwan Properties Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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124.96

91.64

64.63

30.82

Sunkwan Properties Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					42.50	30.82	-	-	-

Sunkwan Properties Group (HKSE:06900) 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.

Sunkwan Properties Group Long-Term Capital Lease Obligation Related Terms

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Sunkwan Properties Group (HKSE:06900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sunkwan Properties Group Ltd (HKSE:06900) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.77, Sunkwan Road, Building T1, Sunkwan Cente, Minhang District, Shanghai, CHN

Website

http://www.sunkwan.com.cn

Sunkwan Properties Group Ltd is engaged in the residential property development and sales. It focuses on the Yangtze River Delta Economic Zone and expanding to the Pearl River Delta Economic Zone and the Mid-China Core Economic Region.

Executives

Chen Peng	2202 Interest of your spouse
Fulva Holding Limited	2201 Interest of corporation controlled by you
Northern American Trust Company, Llc	2301 Trustee
Yongheng Holdings Limited	2101 Beneficial owner
Zhu Jing	2307 Founder of a discretionary trust who can infl
Ginkgo Gofar Holdings Limited	2101 Beneficial owner
Lin Jinfeng	2201 Interest of corporation controlled by you

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