Wanguo Gold Group (HKSE:03939) Long-Term Capital Lease Obligation : HK$2 Mil (As of Dec. 2024)

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What is Wanguo Gold Group Long-Term Capital Lease Obligation?

Wanguo Gold Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$2 Mil.

Wanguo Gold Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$3 Mil) to Jun. 2024 (HK$2 Mil) but then increased from Jun. 2024 (HK$2 Mil) to Dec. 2024 (HK$2 Mil).

Wanguo Gold Group's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$0 Mil) to Dec. 2023 (HK$3 Mil) but then declined from Dec. 2023 (HK$3 Mil) to Dec. 2024 (HK$2 Mil).

Wanguo Gold Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wanguo Gold 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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Wanguo Gold Group Long-Term Capital Lease Obligation Chart

Wanguo Gold Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.24

2.52

2.44

Wanguo Gold Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	3.35	2.52	1.96	2.44

Wanguo Gold Group (HKSE:03939) 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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Wanguo Gold Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wanguo Gold Group Ltd (HKSE:03939) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

WI0:Germany

Address

Wanguo Mining Area, Xinzhuang Township Yifeng County, Jiangxi Province, Yifeng, CHN

Website

http://www.wgmine.com

Wanguo Gold Group Ltd formerly, Wanguo International Mining Group Ltd is principally engaged in the business of mining, ore processing, and sale of concentrates products. The concentrates products of the group include Copper concentrates, Iron concentrates, Zinc concentrates, Sulfur concentrates, Lead concentrates as well as by-products of Gold and Silver, among others. Key revenue is derived from the sale of Copper concentrates. The group generates a majority of its revenue from the The Solomon Islands.

Executives

Golden Crane Holdings Limited	2201 Interest of corporation controlled by you
He Guangping	2101 Beneficial owner
Gao Mingqing
Lin Yinyin
Gao Jinzhu
Wang Weimian
Victor Soar Investments Ltd.
Zi Jin Kuang Ye Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Jiangxi Copper Corporation Limited	2201 Interest of corporation controlled by you
Shan Dong Heng Bang Ye Lian Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Xi Tong Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Haitong International Financial Solutions Limited
Haitong International Holdings Limited
Haitong International Securities Group Limited
Haitong Securities Co., Ltd.

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