Kingwisoft Technology Group Co (HKSE:08295) Long-Term Capital Lease Obligation : HK$31 Mil (As of Sep. 2023)

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What is Kingwisoft Technology Group Co Long-Term Capital Lease Obligation?

Kingwisoft Technology Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$31 Mil.

Kingwisoft Technology Group Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (HK$29 Mil) to Jun. 2023 (HK$0 Mil) but then increased from Jun. 2023 (HK$0 Mil) to Sep. 2023 (HK$31 Mil).

Kingwisoft Technology Group Co's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$20 Mil) to Mar. 2022 (HK$22 Mil) and increased from Mar. 2022 (HK$22 Mil) to Mar. 2023 (HK$29 Mil).

Kingwisoft Technology Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kingwisoft Technology Group 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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Kingwisoft Technology Group Co Long-Term Capital Lease Obligation Chart

Kingwisoft Technology Group Co Annual Data

Trend

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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3.04

20.00

22.18

28.84

Kingwisoft Technology Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															22.80	-	28.84	-	31.17

Kingwisoft Technology Group Co (HKSE:08295) 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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Kingwisoft Technology Group Co (HKSE:08295) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Kingwisoft Technology Group Co Ltd (HKSE:08295) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

33 Hysan Avenue, Room 1204, 12th Floor, Lee Garden One, Causeway Bay, Hong Kong, HKG

Website

https://www.kwtech-group.com

Kingwisoft Technology Group Co Ltd through its subsidiaries engages in investment holding, provision of back-office services primarily provision of customer service solutions, comprehensive marketing services, and data centre services, corporate advisory services, investment advisory and asset management services, proprietary investments and money lending. It operates in two segments: Value-added telecommunication and related services and Financial services. The Value-added telecommunication and related services segment that derives the majority of revenue engages in the provision of value-added telecommunications and related services, including back-office services, comprehensive marketing services and data centre services.

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