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Wing Tai Properties (HKSE:00369) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Jun. 2024)


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What is Wing Tai Properties Long-Term Capital Lease Obligation?

Wing Tai Properties's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0.0 Mil.


Wing Tai Properties Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wing Tai Properties'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 Tai Properties Long-Term Capital Lease Obligation Chart

Wing Tai Properties Annual Data
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Long-Term Capital Lease Obligation
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Wing Tai Properties Semi-Annual Data
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Wing Tai Properties  (HKSE:00369) 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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Wing Tai Properties Business Description

Industry
Traded in Other Exchanges
N/A
Address
Landmark East, 100 How Ming Street, 27th Floor, AIA Kowloon Tower, Kwun Tong, Kowloon, Hong Kong, HKG
Wing Tai Properties Ltd is an investment holding company. The business activity of the group is operated through Property Development, Property Investment & Management, Hospitality Investment & Management, and Other segments. Its investment property portfolio is mainly comprised of commercial, industrial, residential units and serviced apartments, and others. The company's geographical segments are Hong Kong, the United Kingdom, the People's Republic of China, Singapore, and others, of which the majority of its revenue comes from Hong Kong.
Executives
Cheng Wai Chee Christopher 2101 Beneficial owner
Cheng Edward Wai Sun 2101 Beneficial owner
Butterfield Fiduciary Services (cayman) Limited
Butterfield Trust (asia) Limited 2301 Trustee
Ckf Limited 2201 Interest of corporation controlled by you
Whcwtf Limited 2201 Interest of corporation controlled by you
Hsbc Trustee (c.i.) Limited 2301 Trustee
Sun Hung Kai Properties Limited

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