CIFI Holdings (Group) Co (HKSE:00884) Long-Term Capital Lease Obligation : HK$125 Mil (As of Dec. 2023)

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What is CIFI Holdings (Group) Co Long-Term Capital Lease Obligation?

CIFI Holdings (Group) Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$125 Mil.

CIFI Holdings (Group) Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$172 Mil) to Jun. 2023 (HK$163 Mil) and declined from Jun. 2023 (HK$163 Mil) to Dec. 2023 (HK$125 Mil).

CIFI Holdings (Group) Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$190 Mil) to Dec. 2022 (HK$172 Mil) and declined from Dec. 2022 (HK$172 Mil) to Dec. 2023 (HK$125 Mil).

CIFI Holdings (Group) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for CIFI Holdings (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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CIFI Holdings (Group) Co Long-Term Capital Lease Obligation Chart

CIFI Holdings (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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80.30

67.27

189.82

171.91

125.08

CIFI Holdings (Group) Co 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															189.82	193.59	171.91	162.60	125.08

CIFI Holdings (Group) Co (HKSE:00884) 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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CIFI Holdings (Group) Co (HKSE:00884) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CIFI Holdings (Group) Co Ltd (HKSE:00884) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

6CI:Germany

Address

Lane 1088, No. 39 Shenhong Road, CIFI Center, Minhang District, Shanghai, CHN, 201106

Website

https://www.cifi.com.cn

CIFI Holdings (Group) Co Ltd is engaged in property development and property investment, provision of property management services in China. The group has property projects in cities in four regions: the Yangtze River Delta, the Pan Bohai Rim, the Central Western Region, and the South China Region. Most of the group's sales were contracted from the Yangtze River Delta. Regardless of the region, residential properties make up a significant majority of contracted sales. The group focuses on properties in first and second-tier cities in China. The group's projects include a variety of property types such as residential, office, and commercial complexes. The group's operations are carried out in the People's Republic of China.

Executives

Lin Feng
Scts Capital Pte. Ltd.	2201 Interest of corporation controlled by you
Standard Chartered Trust (singapore) Limited	2301 Trustee
Lin Zhong	2307 Founder of a discretionary trust who can infl
Lin Wei	2307 Founder of a discretionary trust who can infl
Gentle Beauty Assets Limited	2201 Interest of corporation controlled by you
Rosy Fortune Investments Limited	2101 Beneficial owner
Ding Chang Limited
Yong Cheng Guo Ji You Xian Gong Si
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Ping An Of China Asset Management (hong Kong) Company Limited
Eminent Talent Limited
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si
Zhong Guo Ping An Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner
Credit Suisse Trust Limited	2301 Trustee

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