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51 Credit Card (HKSE:02051) Long-Term Capital Lease Obligation : HK$0.00 Mil (As of Dec. 2023)


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What is 51 Credit Card Long-Term Capital Lease Obligation?

51 Credit Card's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.00 Mil.


51 Credit Card Long-Term Capital Lease Obligation Historical Data

The historical data trend for 51 Credit Card'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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51 Credit Card Long-Term Capital Lease Obligation Chart

51 Credit Card Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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51 Credit Card Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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51 Credit Card  (HKSE:02051) 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.

51 Credit Card Long-Term Capital Lease Obligation Related Terms

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51 Credit Card (HKSE:02051) Business Description

Traded in Other Exchanges
Address
No. 588 Wenyi West Road, Building B3, CECEP Xixi Center, Xihu District, Zhejiang, Hangzhou, CHN
51 Credit Card Inc is an investment holding company. Along with its subsidiaries, it is engaged in providing one-stop personal financial technology services and SaaS services, covering personal credit management, credit card technology services and online credit facilitation and investment services in China. The firm derives revenue from Credit facilitation and service fee, Payment service fee, Credit card technology service fee, SaaS service fee and Other revenue. A majority of its revenue gets derived through Credit facilitation and service fee. The majority of the group's activities are carried out in Mainland China.
Executives
Shen Guojun 2307 Founder of a discretionary trust who can infl
Cantrust (far East) Limited 2301 Trustee
East Jump Management Limited 2101 Beneficial owner
Weihan Evergreen Limited 2201 Interest of corporation controlled by you
Sun Haitao 2501 Other
Hang Zhou Zhen Niu Xin Xi Ke Ji You Xian Gong Si 2106 Person having a security interest in shares
Xin Yong Ka You Xian Gong Si 2201 Interest of corporation controlled by you
51 Credit Card (china) Limited 2201 Interest of corporation controlled by you
Rising Sun Limited 2501 Other
The Core Trust Company Limited 2301 Trustee
Tct (bvi) Limited 2501 Other
51 Stock Limited 2306 Nominee for another person
Tmf (cayman) Ltd. 2301 Trustee
Wukong Ltd. 2501 Other
51 Award Limited 2306 Nominee for another person

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