WellCell Holdings Co (HKSE:02477) Long-Term Capital Lease Obligation : HK$0.1 Mil (As of Dec. 2023)

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What is WellCell Holdings Co Long-Term Capital Lease Obligation?

WellCell Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.1 Mil.

WellCell Holdings Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$0.0 Mil) to Jun. 2023 (HK$0.1 Mil) but then declined from Jun. 2023 (HK$0.1 Mil) to Dec. 2023 (HK$0.1 Mil).

WellCell Holdings Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.0 Mil) to Dec. 2022 (HK$0.0 Mil) but then increased from Dec. 2022 (HK$0.0 Mil) to Dec. 2023 (HK$0.1 Mil).

WellCell Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for WellCell Holdings 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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WellCell Holdings Co Long-Term Capital Lease Obligation Chart

WellCell Holdings Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.35

0.05

0.11

WellCell Holdings Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.05	-	-	0.13	0.11

WellCell Holdings Co (HKSE:02477) 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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WellCell Holdings Co (HKSE:02477) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » WellCell Holdings Co Ltd (HKSE:02477) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.wellcell.com.cn

WellCell Holdings Co Ltd is a telecommunication network support and information and communication technology (ICT) integration services provider and software developer in the PRC. Its telecommunication network support services mainly include the provision of (i) wireless telecommunication network enhancement services, encompassing both routine and specific services for improving connectivity, quality and coverage of a telecommunication network and/or for troubleshooting telecommunication network issues for its customers; and (ii) telecommunication network infrastructure maintenance and engineering services, involving routine maintenance and emergency restoration of the operations of base stations, and provision of engineering and labour services in projects related to the construction.

Executives

Lin Qi Hao	2101 Beneficial owner
Jia Zheng Yi	2201 Interest of corporation controlled by you
Zheng Li	2202 Interest of your spouse
Zhong Shu Min	2202 Interest of your spouse
Cheer Partners Co., Limited	2101 Beneficial owner
Shine Dynasty Co., Limited	2201 Interest of corporation controlled by you
Wellcell Group Co.,limited	2201 Interest of corporation controlled by you

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