Powerwin Tech Group (HKSE:02405) Long-Term Capital Lease Obligation : HK$0.5 Mil (As of Dec. 2024)

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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. 2024 was HK$0.5 Mil.

Powerwin Tech Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$2.0 Mil) to Jun. 2024 (HK$0.4 Mil) but then increased from Jun. 2024 (HK$0.4 Mil) to Dec. 2024 (HK$0.5 Mil).

Powerwin Tech Group's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$0.7 Mil) to Dec. 2023 (HK$2.0 Mil) but then declined from Dec. 2023 (HK$2.0 Mil) to Dec. 2024 (HK$0.5 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

Dec24

Long-Term Capital Lease Obligation

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1.23

0.82

0.66

1.98

0.54

Powerwin Tech Group Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				0.66	4.20	1.98	0.41	0.54

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.

Powerwin Tech Group Long-Term Capital Lease Obligation Related Terms

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Powerwin Tech Group 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

Shun Tak Centre, West Tower, Room 3709, Sheung Wan, 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. Geographically, the company generates revenue from Hong Kong and the Chinese mainland, where the majority of revenue is generated from Hong Kong. The company provides Standardized, Customized, and SaaS-based digital marketing services.

Executives

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Li Xiang
Yu Lu
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