Powerwin Tech Group (HKSE:02405) Long-Term Capital Lease Obligation : HK$1.98 Mil (As of Dec. 2023)

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What is Powerwin Tech Group Long-Term Capital Lease Obligation?

Powerwin Tech Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.98 Mil.

Powerwin Tech Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$0.66 Mil) to Jun. 2023 (HK$4.20 Mil) but then declined from Jun. 2023 (HK$4.20 Mil) to Dec. 2023 (HK$1.98 Mil).

Powerwin Tech Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.82 Mil) to Dec. 2022 (HK$0.66 Mil) but then increased from Dec. 2022 (HK$0.66 Mil) to Dec. 2023 (HK$1.98 Mil).

Powerwin Tech Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Powerwin Tech Group'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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Powerwin Tech Group Long-Term Capital Lease Obligation Chart

Powerwin Tech Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

3.88

1.23

0.82

0.66

1.98

Powerwin Tech Group Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	0.93	0.66	4.20	1.98

Powerwin Tech Group (HKSE:02405) 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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Powerwin Tech Group (HKSE:02405) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Powerwin Tech Group Ltd (HKSE:02405) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

348 Kwun Tong Road, 5th Floor, Manulife Place, Kowloon, Hong Kong, HKG

Website

https://www.empowerwin.com

Powerwin Tech Group Ltd is a cross-border digital marketing service provider in China. It covers mainstream media platforms such as Facebook, Instagram, Messenger, Google, Twitter, TikTok, YouTube, Snapchat, and Pinterest, providing customers with diversified and full-link cross-border digital marketing services and online shop SaaS solutions.

Executives

Hsbc International Trustee Limited	2301 Trustee
Li Xiang
Yu Lu
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