Joy City Property (HKSE:00207) Long-Term Capital Lease Obligation : HK$85 Mil (As of Dec. 2023)

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What is Joy City Property Long-Term Capital Lease Obligation?

Joy City Property's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$85 Mil.

Joy City Property's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$131 Mil) to Jun. 2023 (HK$107 Mil) and declined from Jun. 2023 (HK$107 Mil) to Dec. 2023 (HK$85 Mil).

Joy City Property's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$230 Mil) to Dec. 2022 (HK$131 Mil) and declined from Dec. 2022 (HK$131 Mil) to Dec. 2023 (HK$85 Mil).

Joy City Property Long-Term Capital Lease Obligation Historical Data

The historical data trend for Joy City Property'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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Joy City Property Long-Term Capital Lease Obligation Chart

Joy City Property Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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152.12

260.74

230.20

131.48

84.89

Joy City Property 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															230.20	175.86	131.48	106.87	84.89

Joy City Property (HKSE:00207) 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.

Joy City Property Long-Term Capital Lease Obligation Related Terms

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Joy City Property (HKSE:00207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Joy City Property Ltd (HKSE:00207) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

HKP:Germany

Address

262 Gloucester Road, 33rd Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG

Website

http://www.joy-cityproperty.com

Joy City Property Ltd is a large-scale commercial property developer and operator, working on the development, operation, sales, leasing and management of mixed-use complexes and other commercial properties such as shopping centers, hotels, offices, serviced apartments and resort and tourist properties in China. Rental income accounts for majority of the operating profit. The company's portfolio consists of various retail malls under the flagship brand of Joy City, and some office and hotel assets. Recently, it introduced a second brand called Joy Breeze, consisting of smaller retail assets. The businesses of the Group are divided into four areas, namely investment properties, property development, hotel operations and output management and other services.

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