Wellhope Foods Co (SHSE:603609) Long-Term Capital Lease Obligation

: ¥368 Mil (As of Dec. 2023)

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Wellhope Foods Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥368 Mil.

Wellhope Foods Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (¥331 Mil) to Sep. 2023 (¥358 Mil) and increased from Sep. 2023 (¥358 Mil) to Dec. 2023 (¥368 Mil).

Wellhope Foods Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥123 Mil) to Dec. 2022 (¥223 Mil) and increased from Dec. 2022 (¥223 Mil) to Dec. 2023 (¥368 Mil).

Wellhope Foods Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wellhope Foods 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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Wellhope Foods Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

141.99

123.47

223.00

368.00

Wellhope Foods Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																223.00	220.12	330.83	358.05	368.00

Wellhope Foods Co (SHSE:603609) 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.

Wellhope Foods Co Long-Term Capital Lease Obligation Related Terms

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Wellhope Foods Co (SHSE:603609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wellhope Foods Co Ltd (SHSE:603609) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 169, Huishan Street, Shenbei New District, Liaoning Province, Shenyang, CHN, 110164

Website

http://www.wellhope-ag.com

Wellhope Foods Co Ltd is an animal husbandry company. The company's primary businesses include animal feed, feed raw materials trade, broiler integration, and swine trading. It is also involved in veterinary drugs, farming equipment manufacturing, pet clinic, etc. The company generates maximum revenue from feed products followed by broiler integration and raw materials trade. Its feed product line includes premix feed, concentrated feed, and compound feed.

Wellhope Foods Co (SHSE:603609) Headlines

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