Midea Real Estate Holding (HKSE:03990) Long-Term Capital Lease Obligation : HK$48 Mil (As of Dec. 2023)

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What is Midea Real Estate Holding Long-Term Capital Lease Obligation?

Midea Real Estate Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$48 Mil.

Midea Real Estate Holding's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$101 Mil) to Jun. 2023 (HK$65 Mil) and declined from Jun. 2023 (HK$65 Mil) to Dec. 2023 (HK$48 Mil).

Midea Real Estate Holding's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$172 Mil) to Dec. 2022 (HK$101 Mil) and declined from Dec. 2022 (HK$101 Mil) to Dec. 2023 (HK$48 Mil).

Midea Real Estate Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Midea Real Estate Holding'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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Midea Real Estate Holding Long-Term Capital Lease Obligation Chart

Midea Real Estate Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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222.17

208.77

171.53

100.74

48.05

Midea Real Estate Holding Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										171.53	131.96	100.74	65.13	48.05

Midea Real Estate Holding (HKSE:03990) 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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Midea Real Estate Holding (HKSE:03990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Midea Real Estate Holding Ltd (HKSE:03990) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MR9:Germany

Address

No.1 Chengde Road, 34th Floor, Tower 4, Midea Real Estate Plaza, Shunde District, Guangdong Province, Foshan, CHN, 528311

Website

https://www.mideadc.com

Midea Real Estate Holding Ltd is a real estate development company that offers real estate services. It operates through three principal business segments: Property development and sales; Property management services; and Investment and operation of commercial properties. Property development and sales generates most of the revenue.

Executives

He Jianfeng	2202 Interest of your spouse
He Xiangjian	2103 Interests held jointly with another person
Midea Development Holding (bvi) Limited	2101 Beneficial owner
Lu Deyan	2201 Interest of corporation controlled by you
Ya Ge Er Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner

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