Wise Living Technology Co (HKSE:02481) Long-Term Capital Lease Obligation : HK$19 Mil (As of Dec. 2023)

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What is Wise Living Technology Co Long-Term Capital Lease Obligation?

Wise Living Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$19 Mil.

Wise Living Technology Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$21 Mil) to Jun. 2023 (HK$19 Mil) and declined from Jun. 2023 (HK$19 Mil) to Dec. 2023 (HK$19 Mil).

Wise Living Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$23 Mil) to Dec. 2022 (HK$21 Mil) and declined from Dec. 2022 (HK$21 Mil) to Dec. 2023 (HK$19 Mil).

Wise Living Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wise Living Technology 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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Wise Living Technology Co Long-Term Capital Lease Obligation Chart

Wise Living Technology Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

26.33

22.51

20.86

19.09

Wise Living Technology Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			22.51	-	20.86	19.26	19.09

Wise Living Technology Co (HKSE:02481) 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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Wise Living Technology Co (HKSE:02481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Wise Living Technology Co Ltd (HKSE:02481) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 15 Shuangliang Road, Ligang Street, Room 202, 2nd Floor, Jiangsu, Jiangyin, CHN

Website

http://www.hjkj.cn

Wise Living Technology Co Ltd is a cross-provincial heat service provider mainly operating in the Three North Region. It is principally engaged in the provision of heat services to residential and non-residential heat service customers under concession rights. In addition to its provision of heat services, which is considered as a public utility business, the company also provides heat-related; engineering construction services; and EMC services.

Executives

Galaxy Way Development Limited	2101 Beneficial owner
Gofintech Innovation Limited	2201 Interest of corporation controlled by you
Jiang Gang International Investment Company Limited	2101 Beneficial owner
Zhou Xiaoping	2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan Jin Rong Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Xiang Gang Xing Yi Tou Zi Guan Li You Xian Gong Si	2101 Beneficial owner

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