China Calxon Group Co (SZSE:000918) Long-Term Capital Lease Obligation : ¥592 Mil (As of Mar. 2023)

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What is China Calxon Group Co Long-Term Capital Lease Obligation?

China Calxon Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was ¥592 Mil.

China Calxon Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (¥670 Mil) to Dec. 2022 (¥646 Mil) and declined from Dec. 2022 (¥646 Mil) to Mar. 2023 (¥592 Mil).

China Calxon Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (¥809 Mil) to Dec. 2021 (¥617 Mil) but then increased from Dec. 2021 (¥617 Mil) to Dec. 2022 (¥646 Mil).

China Calxon Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Calxon Group Co'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 Calxon Group Co Long-Term Capital Lease Obligation Chart

China Calxon Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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809.26

616.85

645.59

China Calxon Group Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															730.41	720.43	669.70	645.59	592.50

China Calxon Group Co (SZSE:000918) 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.

China Calxon Group Co Long-Term Capital Lease Obligation Related Terms

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China Calxon Group Co (SZSE:000918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Calxon Group Co Ltd (SZSE:000918) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 536, Hongqiao Road, Xuhui District, Jiakai City Group, Shanghai, CHN

Website

http://www.calxon-group.com

China Calxon Group Co Ltd is a real estate development and commercial asset management company. It is engaged in developing urban commercial projects in Jiangsu, Zhejiang, and Shanghai. Company broadly divide its real estate development into residential. living room and property management. Companies project includes Wuxi property, Huzhou Property, Chongqing property and other.

Executives

Zhou Zhao Yong	Executives
Wang Zhen Guo	Executives
Geng Xiao Zhen	Supervisors
Wu Dong Ming	Director
Jiang Rong	Executives
Zhu Li Ping	Executives
Zhang Yu	Executives
Chen Hao	Directors, executives

China Calxon Group Co (SZSE:000918) Headlines

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