Excellence Commercial Property & Facilities Management Group (HKSE:06989) Long-Term Capital Lease Obligation : HK$11 Mil (As of Dec. 2023)

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What is Excellence Commercial Property & Facilities Management Group Long-Term Capital Lease Obligation?

Excellence Commercial Property & Facilities Management Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$11 Mil.

Excellence Commercial Property & Facilities Management Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$125 Mil) to Jun. 2023 (HK$118 Mil) and declined from Jun. 2023 (HK$118 Mil) to Dec. 2023 (HK$11 Mil).

Excellence Commercial Property & Facilities Management Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$144 Mil) to Dec. 2022 (HK$125 Mil) and declined from Dec. 2022 (HK$125 Mil) to Dec. 2023 (HK$11 Mil).

Excellence Commercial Property & Facilities Management Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Excellence Commercial Property & Facilities Management 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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Excellence Commercial Property & Facilities Management Group Long-Term Capital Lease Obligation Chart

Excellence Commercial Property & Facilities Management Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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148.55

156.68

144.17

124.53

10.58

Excellence Commercial Property & Facilities Management Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							133.47	124.53	118.16	10.58	-

Excellence Commercial Property & Facilities Management Group (HKSE:06989) 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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Excellence Commercial Property & Facilities Management Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Excellence Commercial Property & Facilities Management Group Ltd (HKSE:06989) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuhua Third Road, 38Ath Floor, Tower 4, Excellence Century Center, Futian District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.excepm.com

Excellence Commercial Property & Facilities Management Group Ltd is a commercial property management service provider in China. The company's projects included commercial properties, public and industrial properties, and residential properties. It operates in three segments namely Finance services, Other services, and Property management services that provide basic property management services or system supply and installation services to property developers, property owners, and tenants, and value-added services to such customers, including asset services which includes preliminary property consulting services, property leasing and sales agency services, asset-light property operation services and space operation services, and corporate services.

Executives

Xiao Xingping	2202 Interest of your spouse
Li Xiaoping	2101 Beneficial owner
Li Wa	2201 Interest of corporation controlled by you
Oriental Rich Holdings Group Limited	2201 Interest of corporation controlled by you
Urban Hero Investments Limited	2101 Beneficial owner
Ever Rainbow Holdings Limited	2101 Beneficial owner
Autumn Riches Limited	2101 Beneficial owner
Li Yuan	2201 Interest of corporation controlled by you

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