WLS Holdings (HKSE:08021) Long-Term Capital Lease Obligation : HK$0.4 Mil (As of Oct. 2023)

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What is WLS Holdings Long-Term Capital Lease Obligation?

WLS Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was HK$0.4 Mil.

WLS Holdings's quarterly Long-Term Capital Lease Obligation declined from Apr. 2023 (HK$0.6 Mil) to Jul. 2023 (HK$0.0 Mil) but then increased from Jul. 2023 (HK$0.0 Mil) to Oct. 2023 (HK$0.4 Mil).

WLS Holdings's annual Long-Term Capital Lease Obligation increased from Apr. 2021 (HK$0.3 Mil) to Apr. 2022 (HK$1.6 Mil) but then declined from Apr. 2022 (HK$1.6 Mil) to Apr. 2023 (HK$0.6 Mil).

WLS Holdings Long-Term Capital Lease Obligation Historical Data

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

WLS Holdings Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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1.01

4.14

0.31

1.62

0.60

WLS Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.35	-	0.60	-	0.42

WLS Holdings (HKSE:08021) 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.

WLS Holdings Long-Term Capital Lease Obligation Related Terms

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WLS Holdings (HKSE:08021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WLS Holdings Ltd (HKSE:08021) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.11 Yip Hing Street, Rooms 1001-1006, 10th Floor, Tower A, Southmark, Wong Chuk Hang, Aberdeen, Hong Kong, HKG

Website

http://www.wls.com.hk

WLS Holdings Ltd is a Hong Kong-based company engaged in providing construction services. It operates through the segments of Scaffolding, fitting out, and other auxiliary services for construction and building work, Money lending business, and Securities investment business. The group generates a majority of the revenue from the Scaffolding services segment Geographically, the company carries its business operations in Hong Kong.

Executives

Chong Man San Denise
Leung Wai Ho

WLS Holdings (HKSE:08021) Headlines

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