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Wai Yuen Tong Medicine Holdings (HKSE:00897) Long-Term Capital Lease Obligation : HK$0 Mil (As of Sep. 2023)


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What is Wai Yuen Tong Medicine Holdings Long-Term Capital Lease Obligation?

Wai Yuen Tong Medicine Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0 Mil.


Wai Yuen Tong Medicine Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wai Yuen Tong Medicine 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 Yuen Tong Medicine Holdings Long-Term Capital Lease Obligation Chart

Wai Yuen Tong Medicine Holdings Annual Data
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Long-Term Capital Lease Obligation
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Wai Yuen Tong Medicine Holdings Semi-Annual Data
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Wai Yuen Tong Medicine Holdings  (HKSE:00897) 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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Wai Yuen Tong Medicine Holdings (HKSE:00897) Business Description

Traded in Other Exchanges
N/A
Address
39 Wang Kwong Road, Suite 3101, 31st Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG
Wai Yuen Tong Medicine Holdings Ltd is an investment holding company. The company's operating segment includes production and sale of Chinese pharmaceutical and health food products; production and sale of Western pharmaceutical and health food products and property investment and management and sale of properties in the agricultural produce market. It generates maximum revenue from the production and sale of Chinese pharmaceutical and health food products which include manufacturing, processing, and sale of traditional Chinese medicine which includes Chinese medicinal products sold under the brand name Wai Yuen Tong. Geographically, it derives a majority of revenue from Mainland China.
Executives
Wang On Group Limited 2501 Other
Tang Ching Ho 2501 Other
Yau Yuk Yin 2202 Interest of your spouse

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