Lianlian DigiTech Co (HKSE:02598) Long-Term Capital Lease Obligation : HK$15.5 Mil (As of Dec. 2024)

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What is Lianlian DigiTech Co Long-Term Capital Lease Obligation?

Lianlian DigiTech Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$15.5 Mil.

Lianlian DigiTech Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (HK$8.3 Mil) to Jun. 2024 (HK$12.0 Mil) and increased from Jun. 2024 (HK$12.0 Mil) to Dec. 2024 (HK$15.5 Mil).

Lianlian DigiTech Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$5.5 Mil) to Dec. 2023 (HK$8.3 Mil) and increased from Dec. 2023 (HK$8.3 Mil) to Dec. 2024 (HK$15.5 Mil).

Lianlian DigiTech Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lianlian DigiTech Co'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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Lianlian DigiTech Co Long-Term Capital Lease Obligation Chart

Lianlian DigiTech Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

11.09

14.46

5.47

8.31

15.55

Lianlian DigiTech Co Quarterly Data
	Dec20	Dec21	Dec22	Sep23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			5.47	3.30	8.31	12.05	15.55

Lianlian DigiTech Co (HKSE:02598) 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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Lianlian DigiTech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lianlian DigiTech Co Ltd (HKSE:02598) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

79 Yueda Lane, B3, 12th Floor, Building 1, Zhejiang Province, Binjiang District, Hangzhou, CHN

Website

https://en.lianlian.com

Lianlian DigiTech Co Ltd provides digital payment services and value-added services. Its business clients consist of small and mid-sized merchants and enterprises. Its reportable segments include Global payment, domestic payment, value-added services, and others, which represent a small amount of revenue from other sources, including rental income, interest income, and factoring income. Key revenue is generated from the Global payment segment.

Executives

Trident Trust Company (hk) Limited	2301 Trustee
Nexacorp Limited	2101 Beneficial owner
Jiaxing Hongshan Kunsheng Investment Management Partnership (limited Partnership)
Ningbo Hongshan Peisheng Equity Investment Partnership (limited Partnership)
Ningbo Hongshan Zhensheng Equity Investment L.p.
Ningbo Meishan Free Trade Port Hongshan Huanjia Investment Management Limited
Ningbo Meishan Free Trade Port Hongshan Mingsheng Equity Investment Partnership
Zhou Kui
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Chen Bin	2201 Interest of corporation controlled by you
Huang Xin	2201 Interest of corporation controlled by you
Hang Zhou Sai Sheng Gu Gu Quan Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Hang Zhou Sai Zhi Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Zhe Jiang Sai Zhi Bo Le Gu Quan Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Boyu Jingtai (shanghai) Enterprise Management Co., Ltd.

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