Leading Holdings Group (HKSE:06999) Long-Term Capital Lease Obligation : HK$9 Mil (As of Dec. 2023)

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What is Leading Holdings Group Long-Term Capital Lease Obligation?

Leading Holdings Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$9 Mil.

Leading Holdings Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$13 Mil) to Jun. 2023 (HK$10 Mil) and declined from Jun. 2023 (HK$10 Mil) to Dec. 2023 (HK$9 Mil).

Leading Holdings Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$4 Mil) to Dec. 2022 (HK$13 Mil) but then declined from Dec. 2022 (HK$13 Mil) to Dec. 2023 (HK$9 Mil).

Leading Holdings Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Leading Holdings 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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Leading Holdings Group Long-Term Capital Lease Obligation Chart

Leading Holdings Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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10.88

5.72

4.31

13.43

9.34

Leading Holdings Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						4.31	17.72	13.43	9.95	9.34

Leading Holdings Group (HKSE:06999) 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.

Leading Holdings Group Long-Term Capital Lease Obligation Related Terms

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Leading Holdings Group (HKSE:06999) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Leading Holdings Group Ltd (HKSE:06999) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 151, 2nd Tianfu Street, Leading International Finance Center, 46th Floor, Tower A, Gaoxin District, Sichuan Province, Chengdu, CHN

Website

https://www.leading-group.com

Leading Holdings Group Ltd is focused on the development and sale of residential and commercial properties. In addition, the group holds a portion of commercial properties for investment purpose and are engaged in the hotel management business. Further, it also provides project management services. It operates in three segments: Property development, Commercial property investment, and operations, and Hotel operations, of which the majority of its revenue comes from the Property development segment. Its operations are conducted in Mainland China.

Executives

Liu Yuhui	2201 Interest of corporation controlled by you
Chen Ao Ao	2202 Interest of your spouse
Hou Sanli	2201 Interest of corporation controlled by you
Lan Tian	2202 Interest of your spouse
Liu Ce	2201 Interest of corporation controlled by you
Liu Haowei	2201 Interest of corporation controlled by you
Liu Shan	2202 Interest of your spouse
Liu Yuqi	2202 Interest of your spouse
Long Yiqin	2201 Interest of corporation controlled by you
Wang Tao	2201 Interest of corporation controlled by you
Jin Sha Jiang Holding Limited	2101 Beneficial owner
Yue Lai Investment Limited	2101 Beneficial owner
Ling Yue Capital Holding Limited	2101 Beneficial owner
Yuan Di Capital Limited	2101 Beneficial owner

Leading Holdings Group (HKSE:06999) Headlines

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