Times Neighborhood Holdings (Times Neighborhood Holdings) Long-Term Capital Lease Obligation : $0.6 Mil (As of Dec. 2023)

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What is Times Neighborhood Holdings Long-Term Capital Lease Obligation?

Times Neighborhood Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.6 Mil.

Times Neighborhood Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($1.1 Mil) to Jun. 2023 ($0.7 Mil) and declined from Jun. 2023 ($0.7 Mil) to Dec. 2023 ($0.6 Mil).

Times Neighborhood Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2.1 Mil) to Dec. 2022 ($1.1 Mil) and declined from Dec. 2022 ($1.1 Mil) to Dec. 2023 ($0.6 Mil).

Times Neighborhood Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Times Neighborhood Holdings'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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Times Neighborhood Holdings Long-Term Capital Lease Obligation Chart

Times Neighborhood Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.70

2.00

2.13

1.09

0.56

Times Neighborhood Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									2.13	1.53	1.09	0.69	0.56

Times Neighborhood Holdings (OTCPK:TNHDF) 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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Times Neighborhood Holdings (Times Neighborhood Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Times Neighborhood Holdings Ltd (OTCPK:TNHDF) » Definitions » Long-Term Capital Lease Obligation

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09928:Hong Kong

Address

No. 410 Dongfeng Middle Road, Room 1103, 11th Floor, Yuexiu District, Guangdong Province, Guangzhou, CHN

Website

http://www.shidaiwuye.com

Times Neighborhood Holdings Ltd. is an investment holding company engaged in the provision of property management services which include value-added services for non-property owners, community value-added services, and other professional services are among the company's offerings. The group's revenue comes entirely from its Mainland China operations.