China Vanke Co (China Vanke Co) Long-Term Capital Lease Obligation : $2,669 Mil (As of Mar. 2024)

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What is China Vanke Co Long-Term Capital Lease Obligation?

China Vanke Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,669 Mil.

China Vanke Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($2,877 Mil) to Dec. 2023 ($2,751 Mil) and declined from Dec. 2023 ($2,751 Mil) to Mar. 2024 ($2,669 Mil).

China Vanke Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($3,817 Mil) to Dec. 2022 ($3,165 Mil) and declined from Dec. 2022 ($3,165 Mil) to Dec. 2023 ($2,751 Mil).

China Vanke Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Vanke 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.

* Premium members only.

China Vanke Co Long-Term Capital Lease Obligation Chart

China Vanke Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,033.69

3,760.33

3,816.69

3,165.04

2,751.27

China Vanke Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3,135.36	2,964.80	2,877.27	2,751.27	2,669.08

China Vanke Co (OTCPK:CHVKF) 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 Vanke Co Long-Term Capital Lease Obligation Related Terms

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China Vanke Co (China Vanke Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Vanke Co Ltd (OTCPK:CHVKF) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

CHVKY:USA 02202:Hong Kong 18V:Germany 000002:China

Address

Vanke Center, No. 33 Huanmei Road, Dameisha, Yantian District, Shenzhen, CHN, 518083

Website

https://www.vanke.com

China Vanke is a large real estate developer in China with residential property sales among the top three of all peers through the past five years. While property development accounts for most of its revenue and earnings, it has expanded its business presence in investment properties such as commercial retail complexes, long-term leasing apartments, and leasable logistical assets. China Vanke also owns an over-60% equity interest in its property management division Onewo, which manages the second-largest gross floor area in China. It is dual-listed in Shenzhen and Hong Kong, and state-owned Shenzhen Metro is the largest shareholder with a 27.2% stake.

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