Weilong Delicious Global Holdings (HKSE:09985) Long-Term Capital Lease Obligation : HK$10 Mil (As of Dec. 2023)

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What is Weilong Delicious Global Holdings Long-Term Capital Lease Obligation?

Weilong Delicious Global Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$10 Mil.

Weilong Delicious Global Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$2 Mil) to Jun. 2023 (HK$11 Mil) but then declined from Jun. 2023 (HK$11 Mil) to Dec. 2023 (HK$10 Mil).

Weilong Delicious Global Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$9 Mil) to Dec. 2022 (HK$2 Mil) but then increased from Dec. 2022 (HK$2 Mil) to Dec. 2023 (HK$10 Mil).

Weilong Delicious Global Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Weilong Delicious Global Holdings'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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Weilong Delicious Global Holdings Long-Term Capital Lease Obligation Chart

Weilong Delicious Global Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

19.26

13.17

8.78

2.20

9.77

Weilong Delicious Global Holdings Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			8.78	4.74	2.20	10.56	9.77

Weilong Delicious Global Holdings (HKSE:09985) 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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Weilong Delicious Global Holdings (HKSE:09985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Weilong Delicious Global Holdings Ltd (HKSE:09985) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Intersection of Dongfanghong Road and Zhongshan Road, Southwest Corner, Shaoling District, Henan, Luohe, CHN

Website

https://www.weilongshipin.com

Weilong Delicious Global Holdings Ltd is principally engaged in the production and sale of spicy snack food. The group is organized into business units based on the products and has three reportable operating segments namely, Seasoned flour products, comprising Big Latiao, Mini Latiao, Spicy Hot Stick, Mini Hot Stick and Kiss Burn; Vegetable products, comprising Konjac Shuang and Fengchi Kelp and Bean-based and other products, comprising Soft Tofu Skin, 78 Braised egg and meat products. Majority of the company's revenue is derived from Seasoned flour products and the business activities are conducted in China.

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Weilong Delicious Global Holdings (HKSE:09985) Headlines

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