Weimob (HKSE:02013) Long-Term Capital Lease Obligation : HK$30 Mil (As of Dec. 2023)

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What is Weimob Long-Term Capital Lease Obligation?

Weimob's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$30 Mil.

Weimob's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$95 Mil) to Jun. 2023 (HK$58 Mil) and declined from Jun. 2023 (HK$58 Mil) to Dec. 2023 (HK$30 Mil).

Weimob's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$217 Mil) to Dec. 2022 (HK$95 Mil) and declined from Dec. 2022 (HK$95 Mil) to Dec. 2023 (HK$30 Mil).

Weimob Long-Term Capital Lease Obligation Historical Data

The historical data trend for Weimob'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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Weimob Long-Term Capital Lease Obligation Chart

Weimob Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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39.20

84.47

217.06

94.99

30.50

Weimob Semi-Annual Data
	Dec15	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											217.06	145.10	94.99	57.80	30.50

Weimob (HKSE:02013) 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.

Weimob Long-Term Capital Lease Obligation Related Terms

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Weimob (HKSE:02013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Weimob Inc (HKSE:02013) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

36W:Germany

Address

258 Changjiang Road, Weimob Building, Baoshan District, Shanghai, CHN

Website

https://www.weimob.com

Weimob Inc is a provider of cloud business and marketing solutions for small and medium-sized enterprises in China. The company operates in three segments: Subscription solutions, Merchant solutions, and Digital media. It provides SaaS and other software in its Subscription Solutions segment for e-commerce, Retail, catering, hotel, local life, and other industries, enabling merchants to carry out private traffic management. The company helps merchants obtain public domain traffic and support them to achieve digital upgrade with full chain services and operations through its Merchant Solutions segment. Digital Media mainly comprises its advertisement placement services offered to certain merchants.

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