Poly Developments and Holdings Group Co (SHSE:600048) Long-Term Capital Lease Obligation : ¥3,967 Mil (As of Mar. 2024)

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What is Poly Developments and Holdings Group Co Long-Term Capital Lease Obligation?

Poly Developments and Holdings Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,967 Mil.

Poly Developments and Holdings Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥4,801 Mil) to Dec. 2023 (¥3,868 Mil) but then increased from Dec. 2023 (¥3,868 Mil) to Mar. 2024 (¥3,967 Mil).

Poly Developments and Holdings Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥4,086 Mil) to Dec. 2022 (¥5,080 Mil) but then declined from Dec. 2022 (¥5,080 Mil) to Dec. 2023 (¥3,868 Mil).

Poly Developments and Holdings Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Poly Developments and Holdings Group 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.

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Poly Developments and Holdings Group Co Long-Term Capital Lease Obligation Chart

Poly Developments and Holdings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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27.28

3,758.34

4,086.40

5,079.80

3,867.88

Poly Developments and Holdings Group Co 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															4,694.61	4,797.73	4,800.73	3,867.88	3,966.76

Poly Developments and Holdings Group Co (SHSE:600048) 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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Poly Developments and Holdings Group Co (SHSE:600048) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Poly Developments and Holdings Group Co Ltd (SHSE:600048) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 688 Yuejiang Middle Road, Poly International Square North Tower, 30-33 Layer, Haizhu District, Guangdong Province, Guangzhou, CHN, 510308

Website

http://www.polycn.com

Poly Developments and Holdings is a large real estate developer in China. It is ranked number five by sales value among all Chinese developers in 2019. It has over 600 projects across 100 cities. Property development accounts for 95% of earnings, with property investments and finance income contributing the rest. The company is a subsidiary of China Poly Group, a prominent central-government-controlled state-owned enterprise with ties to the military. China Poly Group holds an aggregate controlling stake of 41% in the company.

Executives

Zhou Dong Li	Directors, senior managers
Huang Hai	senior management
Zhang Yan Hua	senior management
Liu Wen Sheng	senior management
Kong Jun Feng	Supervisors
Pan Zhi Hua	senior management
Liu Ying Chuan	senior management
Zhang Wei	senior management
Liu Ping	Director
Wang Quan Liang	senior management
Hu Zai Xin	senior management
Zhang Wan Shun	Director
Chen Dong Ju	senior management
Wang Jian	senior management
Song Guang Ju	Director

Poly Developments and Holdings Group Co (SHSE:600048) Headlines

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