Wan Kei Group Holdings (HKSE:01718) Long-Term Capital Lease Obligation : HK$1.4 Mil (As of Sep. 2023)

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What is Wan Kei Group Holdings Long-Term Capital Lease Obligation?

Wan Kei Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.4 Mil.

Wan Kei Group Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$0.9 Mil) and increased from Mar. 2023 (HK$0.9 Mil) to Sep. 2023 (HK$1.4 Mil).

Wan Kei Group Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$2.5 Mil) to Mar. 2022 (HK$0.6 Mil) but then increased from Mar. 2022 (HK$0.6 Mil) to Mar. 2023 (HK$0.9 Mil).

Wan Kei Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wan Kei Group 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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Wan Kei Group Holdings Long-Term Capital Lease Obligation Chart

Wan Kei Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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3.74

2.49

0.56

0.87

Wan Kei Group Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														2.01	0.56	-	0.87	1.37

Wan Kei Group Holdings (HKSE:01718) 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.

Wan Kei Group Holdings Long-Term Capital Lease Obligation Related Terms

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Wan Kei Group Holdings (HKSE:01718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wan Kei Group Holdings Ltd (HKSE:01718) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 288 Hennessy Road, Unit No. 07, 16th Floor Emperor Group Centre, Wanchai, Hong Kong, HKG

Website

http://www.hkex1718.hk

Wan Kei Group Holdings Ltd is an engineering and construction company. It is engaged in the provision of foundation works including mini piles, pipe piles, and king posts. It also offers socketed steel, driven piles, and pre-drilling works. The operating business segments are Foundation Construction, Ground Investigation Services, Trading of beauty and skin care products and Financial Services. The Foundation construction segment provides foundation construction works to customers in Hong Kong, the Ground investigation services segment provides ground investigation services to customers in Hong Kong, Financial services segment provides investment, financing, and moneylending services. The company derives revenue mainly from the Foundation construction segment.

Executives

Ample Cheer Limited	2201 Interest of corporation controlled by you
Kingston Finance Limited	2106 Person having a security interest in shares
Chu Yuet Wah	2201 Interest of corporation controlled by you
Samwood Global Limited	2103 Interests held jointly with another person
Suntecli Company Limited	2101 Beneficial owner
Chan Sui Yau	2202 Interest of your spouse
Fong Hon Hung	2103 Interests held jointly with another person
Kwong Sui Sim	2202 Interest of your spouse
Lau Woon Si	2201 Interest of corporation controlled by you
Leung Man Lun Stephen	2103 Interests held jointly with another person
So Choi	2202 Interest of your spouse
Coast International Asset Management Limited	2102 Investment manager

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