Central China New Life (HKSE:09983) Long-Term Capital Lease Obligation : HK$11 Mil (As of Dec. 2023)

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What is Central China New Life Long-Term Capital Lease Obligation?

Central China New Life's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$11 Mil.

Central China New Life's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$5 Mil) to Jun. 2023 (HK$9 Mil) and increased from Jun. 2023 (HK$9 Mil) to Dec. 2023 (HK$11 Mil).

Central China New Life's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$27 Mil) to Dec. 2022 (HK$5 Mil) but then increased from Dec. 2022 (HK$5 Mil) to Dec. 2023 (HK$11 Mil).

Central China New Life Long-Term Capital Lease Obligation Historical Data

The historical data trend for Central China New Life'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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Central China New Life Long-Term Capital Lease Obligation Chart

Central China New Life Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.40

12.25

26.71

5.27

10.83

Central China New Life 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							26.71	17.66	5.27	9.28	10.83

Central China New Life (HKSE:09983) 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.

Central China New Life Long-Term Capital Lease Obligation Related Terms

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Central China New Life (HKSE:09983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Central China New Life Ltd (HKSE:09983) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19 Dirun Road Room 411, 4th floor Building 2 Jianye Office Building, Zhengdong New District, Henan Province, Zhengzhou, CHN

Website

http://www.ccnewlife.com.cn

With over 20 years of operating history, Central China New Life, or CCNL, is the largest property management company in central China with geographical focus in Henan province. CCNL generates core revenue from providing property management services as well as value-added services to property owners and non-property owners. CCNL's coverage spans across the main cities in Henan province. The firm also seeks to leverage on the Jianye brand to provide an integrated online-to-offline service app platform called Jianye+ to deepen its penetration in Henan as a leading lifestyle service provider.

Executives

Jpmorgan Chase & Co.	2106 Person having a security interest in shares
Seatown Private Credit (cayman) Feeder Fund Ii Lp
Seatown Private Credit Feeder Fund Lp
Seatown Private Credit Master Fund
Seatown Private Credit Master Fund Ii
Seatown Singapore Feeder Fund Lp
Temasek Holdings (private) Limited
Enjoy Start Limited	2501 Other
Wu Lam Li	2501 Other
Wu Po Sum	2501 Other
Hillhouse Capital Advisors, Ltd.	2102 Investment manager
Gaoling Fund, L.p.	2101 Beneficial owner
Morgan Stanley & Co. International Plc	2105 Underwriter
Morgan Stanley International Holdings Inc.	2201 Interest of corporation controlled by you
Morgan Stanley International Limited	2201 Interest of corporation controlled by you

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