Wai Kee Holdings (HKSE:00610) Long-Term Capital Lease Obligation : HK$70 Mil (As of Dec. 2023)

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What is Wai Kee Holdings Long-Term Capital Lease Obligation?

Wai Kee Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$70 Mil.

Wai Kee Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$102 Mil) to Jun. 2023 (HK$79 Mil) and declined from Jun. 2023 (HK$79 Mil) to Dec. 2023 (HK$70 Mil).

Wai Kee Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$23 Mil) to Dec. 2022 (HK$102 Mil) but then declined from Dec. 2022 (HK$102 Mil) to Dec. 2023 (HK$70 Mil).

Wai Kee Holdings Long-Term Capital Lease Obligation Historical Data

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

Wai Kee Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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23.84

33.53

23.29

102.36

70.24

Wai Kee Holdings 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															23.29	16.93	102.36	79.07	70.24

Wai Kee Holdings (HKSE:00610) 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.

Wai Kee Holdings Long-Term Capital Lease Obligation Related Terms

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Wai Kee Holdings (HKSE:00610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wai Kee Holdings Ltd (HKSE:00610) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

98 Granville Road, Unit 1103, 11th Floor, East Ocean Centre, Tsimshatsui, Kowloon, HKG

Website

http://www.waikee.com

Wai Kee Holdings Ltd is engaged in construction and material businesses. It operates through four business segments. The Construction, sewage treatment and steam fuel segment, which is the key revenue generating segment, is engaged in the construction of civil engineering and building projects and operation of sewage treatment plant and steam fuel plant. Construction Materials segment is engaged in the production and sales of concrete and asphalt. Quarrying segment is engaged in the production and sales of quarry products. Property development and investment, toll road, investment and asset management segment is engaged in the strategic investment in Road King, an associate of the Group. Its prime geographical areas of operation includes Hong Kong and China.

Executives

Zen Wei Pao, William	2101 Beneficial owner
Zen Wei Peu	2402 A person making a loan or providing security
Cheng Yu Tung Family (holdings Ii) Limited	2201 Interest of corporation controlled by you
Cheng Yu Tung Family (holdings) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook (holding) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Capital Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Enterprises Limited	2201 Interest of corporation controlled by you
Century Acquisition Limited	2201 Interest of corporation controlled by you
Nws Holdings Limited	2201 Interest of corporation controlled by you
New World Development Company Limited	2201 Interest of corporation controlled by you

Wai Kee Holdings (HKSE:00610) Headlines

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