Shenzhen Properties & Resources Development (Group) (SZSE:000011) Long-Term Capital Lease Obligation : ¥11 Mil (As of Mar. 2024)

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What is Shenzhen Properties & Resources Development (Group) Long-Term Capital Lease Obligation?

Shenzhen Properties & Resources Development (Group)'s Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥11 Mil.

Shenzhen Properties & Resources Development (Group)'s quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥15 Mil) to Dec. 2023 (¥11 Mil) but then increased from Dec. 2023 (¥11 Mil) to Mar. 2024 (¥11 Mil).

Shenzhen Properties & Resources Development (Group)'s annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥83 Mil) to Dec. 2022 (¥78 Mil) and declined from Dec. 2022 (¥78 Mil) to Dec. 2023 (¥11 Mil).

Shenzhen Properties & Resources Development (Group) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shenzhen Properties & Resources Development (Group)'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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Shenzhen Properties & Resources Development (Group) Long-Term Capital Lease Obligation Chart

Shenzhen Properties & Resources Development (Group) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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29.41

83.08

77.96

10.57

Shenzhen Properties & Resources Development (Group) 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															70.42	62.93	14.93	10.57	11.09

Shenzhen Properties & Resources Development (Group) (SZSE:000011) 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.

Shenzhen Properties & Resources Development (Group) Long-Term Capital Lease Obligation Related Terms

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Shenzhen Properties & Resources Development (Group) (SZSE:000011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Properties & Resources Development (Group) Ltd (SZSE:000011) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

200011:China

Address

Renmin South Road, 39 Floor and 42 Floor, International Trade Center, Guangdong Province, Luohu District, Shenzhen, CHN, 518014

Website

http://www.szwuye.com.cn

Shenzhen Properties & Resources Development (Group) Ltd is engaged in real estate development property management and housing asset operation as the basic business, with catering service, warehousing business and supervision business. It develops the residence, the hi-end apartment and the office building. It also provides house leasing, catering service, warehousing service, and supervision service. The company operates in three segments namely Real estate, Property management, and Catering service. Majority of the revenue is derived from the Real estate segment.

Executives

Li Zi Peng	Executives
Chen Yu Gang	Director
Wang Hang Jun	Executives
Wen Li	Director
Liu Jia Ke	Supervisors

Shenzhen Properties & Resources Development (Group) (SZSE:000011) Headlines

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