Shoucheng Holdings (Shoucheng Holdings) Long-Term Capital Lease Obligation : $168.3 Mil (As of Dec. 2023)

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What is Shoucheng Holdings Long-Term Capital Lease Obligation?

Shoucheng Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $168.3 Mil.

Shoucheng Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($172.1 Mil) to Sep. 2023 ($0.0 Mil) but then increased from Sep. 2023 ($0.0 Mil) to Dec. 2023 ($168.3 Mil).

Shoucheng Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($193.9 Mil) to Dec. 2022 ($186.0 Mil) and declined from Dec. 2022 ($186.0 Mil) to Dec. 2023 ($168.3 Mil).

Shoucheng Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shoucheng 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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Shoucheng Holdings Long-Term Capital Lease Obligation Chart

Shoucheng Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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50.92

130.50

193.92

186.01

168.31

Shoucheng Holdings Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	172.08	-	168.31	-

Shoucheng Holdings (OTCPK:SCGEY) 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.

Shoucheng Holdings Long-Term Capital Lease Obligation Related Terms

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Shoucheng Holdings (Shoucheng Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shoucheng Holdings Ltd (OTCPK:SCGEY) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

00697:Hong Kong

Address

56 Gloucester Road, 7th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG

Website

https://www.shouchengholdings.com

Shoucheng Holdings Ltd is engaged in the operation and management of car parking assets; and the management of private funds oriented towards urban development. Its segment comprises of Parking business and Fund management. The parking business segment that derives the majority of revenue engages in the management and operations of car parking assets. The Fund management segment engages in management of private funds.

Shoucheng Holdings (Shoucheng Holdings) Headlines

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