Wecon Holdings (HKSE:01793) Long-Term Capital Lease Obligation : HK$2.7 Mil (As of Sep. 2023)

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What is Wecon Holdings Long-Term Capital Lease Obligation?

Wecon Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2.7 Mil.

Wecon Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$2.9 Mil) to Mar. 2023 (HK$2.6 Mil) but then increased from Mar. 2023 (HK$2.6 Mil) to Sep. 2023 (HK$2.7 Mil).

Wecon Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$1.3 Mil) to Mar. 2022 (HK$4.2 Mil) but then declined from Mar. 2022 (HK$4.2 Mil) to Mar. 2023 (HK$2.6 Mil).

Wecon Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wecon Holdings'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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Wecon Holdings Long-Term Capital Lease Obligation Chart

Wecon Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.60

2.11

1.31

4.15

2.57

Wecon Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.63	4.15	2.93	2.57	2.67

Wecon Holdings (HKSE:01793) 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.

Wecon Holdings Long-Term Capital Lease Obligation Related Terms

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Wecon Holdings (HKSE:01793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wecon Holdings Ltd (HKSE:01793) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

244-252 Des Voeux Road Central, 18th Floor, Tung Hip Commercial Building, Hong Kong, HKG

Website

https://www.wecon.com.hk

Wecon Holdings Ltd is an investment holding company. The company's operating segment includes Building construction services and RMAA works services. The Building construction services provided by the group primarily consist of building works for new buildings, including residential, commercial, and industrial buildings. Its RMAA works services include the general upkeep, maintenance, improvement, refurbishment, alteration, and addition of existing facilities and components of buildings and their surroundings. It generates maximum revenue from the Construction contracts segment. Geographically, it derives revenue from Hong Kong.

Executives

Triple Arch Limited	2101 Beneficial owner
Lai Yuk Lin Eliza	2202 Interest of your spouse
Tsang Ka Yip	2201 Interest of corporation controlled by you

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