Wing On Co International (HKSE:00289) Long-Term Capital Lease Obligation : HK$37 Mil (As of Dec. 2023)

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What is Wing On Co International Long-Term Capital Lease Obligation?

Wing On Co International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$37 Mil.

Wing On Co International's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$1 Mil) to Jun. 2023 (HK$1 Mil) but then increased from Jun. 2023 (HK$1 Mil) to Dec. 2023 (HK$37 Mil).

Wing On Co International's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$20 Mil) to Dec. 2022 (HK$1 Mil) but then increased from Dec. 2022 (HK$1 Mil) to Dec. 2023 (HK$37 Mil).

Wing On Co International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wing On Co International'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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Wing On Co International Long-Term Capital Lease Obligation Chart

Wing On Co International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.02

38.24

19.68

0.82

36.86

Wing On Co International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															19.68	10.63	0.82	0.64	36.86

Wing On Co International (HKSE:00289) 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.

Wing On Co International Long-Term Capital Lease Obligation Related Terms

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Wing On Co International (HKSE:00289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Wing On Co International Ltd (HKSE:00289) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

211 Des Voeux Road Central, 7th Floor, Wing On Centre, Hong Kong, HKG

Website

https://www.wingon.hk

Wing On Co International Ltd operates department stores. It also invests in properties. The company has two segments namely, Department Stores and Property Investment. Department stores segment operates department stores in Hong Kong, while the Property Investment segment engages in leasing commercial premises to generate rental income. Its investment property portfolio is spread across Hong Kong, Australia, and the United States of America. The firm derives most of its revenues from department stores.

Executives

Kee Wai Investment Company (bvi) Limited	2201 Interest of corporation controlled by you
Wing On Corporate Management (bvi) Limited	2201 Interest of corporation controlled by you
Wing On International Holdings Limited	2201 Interest of corporation controlled by you

Wing On Co International (HKSE:00289) Headlines

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