New World Development Co (HKSE:00017) Long-Term Capital Lease Obligation : HK$3,752 Mil (As of Dec. 2023)

View and export this data going back to 1972. Start your Free Trial

What is New World Development Co Long-Term Capital Lease Obligation?

New World Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3,752 Mil.

New World Development Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$4,267 Mil) to Jun. 2023 (HK$4,014 Mil) and declined from Jun. 2023 (HK$4,014 Mil) to Dec. 2023 (HK$3,752 Mil).

New World Development Co's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (HK$5,204 Mil) to Jun. 2022 (HK$4,517 Mil) and declined from Jun. 2022 (HK$4,517 Mil) to Jun. 2023 (HK$4,014 Mil).

New World Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for New World Development 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.

New World Development Co Long-Term Capital Lease Obligation Chart

New World Development Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

5,759.40

5,204.40

4,517.30

4,013.80

New World Development 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															5,807.00	4,517.30	4,266.60	4,013.80	3,752.20

New World Development Co (HKSE:00017) 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.

New World Development Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of New World Development Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

New World Development Co (HKSE:00017) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New World Development Co Ltd (HKSE:00017) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

NDVLY:USA NWWDF:USA NWDA:Germany

Address

16-18 Queen's Road, Central, 30th Floor, New World Tower, Hong Kong, HKG

Website

https://www.nwd.com.hk

New World Development, or NWD, is the listed property arm of Chow Tai Fook, owned by the Cheng family. Chow Tai Fook owns a 45% stake in NWD, which mainly engages in residential property development and investment properties of retail malls and offices in Hong Kong and mainland China. NWD also develops high-end hotels across Hong Kong, mainland China and in Southeast Asia. Additionally, NWD holds a 75% interest in New World Department Store China, which operates 24 department stores in mainland China.

New World Development Co (HKSE:00017) Headlines

No Headlines