China Overseas Grand Oceans Group (STU:SWL) Long-Term Capital Lease Obligation : €3 Mil (As of Dec. 2023)

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What is China Overseas Grand Oceans Group Long-Term Capital Lease Obligation?

China Overseas Grand Oceans Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3 Mil.

China Overseas Grand Oceans Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€5 Mil) to Jun. 2023 (€4 Mil) and declined from Jun. 2023 (€4 Mil) to Dec. 2023 (€3 Mil).

China Overseas Grand Oceans Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€4 Mil) to Dec. 2022 (€5 Mil) but then declined from Dec. 2022 (€5 Mil) to Dec. 2023 (€3 Mil).

China Overseas Grand Oceans Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Overseas Grand Oceans 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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China Overseas Grand Oceans Group Long-Term Capital Lease Obligation Chart

China Overseas Grand Oceans Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.16

2.74

3.92

4.87

3.15

China Overseas Grand Oceans Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.92	5.16	4.87	3.88	3.15

China Overseas Grand Oceans Group (STU:SWL) 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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China Overseas Grand Oceans Group (STU:SWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Overseas Grand Oceans Group Ltd (STU:SWL) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

00081:Hong Kong

Address

1 Queen’s Road East, Suites 701 - 702, 7th Floor, Three Pacific Place, Kowloon, Hong Kong, HKG

Website

https://www.cogogl.com.hk

China Overseas Grand Oceans Group Ltd is engaged in general real estate activities. Its main line of business reflects the development of property comprised of residential property projects. The company carries out its business through three segments; Property investment and development, Property Leasing, and Others. The property investment and development segment is the major revenue driver for the company and is engaged in the construction of residential and commercial properties in the People's Republic of China. The Others segment mainly engages in hotel operations and generates service fee income in relation to hotel operation and other ancillary services.

China Overseas Grand Oceans Group (STU:SWL) Headlines

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