Shenzhen Wongtee International Enterprise Co (SZSE:000056) Long-Term Capital Lease Obligation : ¥299 Mil (As of Mar. 2024)

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What is Shenzhen Wongtee International Enterprise Co Long-Term Capital Lease Obligation?

Shenzhen Wongtee International Enterprise Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥299 Mil.

Shenzhen Wongtee International Enterprise Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥307 Mil) to Dec. 2023 (¥304 Mil) and declined from Dec. 2023 (¥304 Mil) to Mar. 2024 (¥299 Mil).

Shenzhen Wongtee International Enterprise Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥333 Mil) to Dec. 2022 (¥322 Mil) and declined from Dec. 2022 (¥322 Mil) to Dec. 2023 (¥304 Mil).

Shenzhen Wongtee International Enterprise Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shenzhen Wongtee International Enterprise 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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Shenzhen Wongtee International Enterprise Co Long-Term Capital Lease Obligation Chart

Shenzhen Wongtee International Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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346.08

333.16

321.82

304.03

Shenzhen Wongtee International Enterprise Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															317.68	311.97	307.41	304.03	298.57

Shenzhen Wongtee International Enterprise Co (SZSE:000056) 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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Shenzhen Wongtee International Enterprise Co (SZSE:000056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Wongtee International Enterprise Co Ltd (SZSE:000056) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

200056:China

Address

Jintian Road, Huang Gang Business Centre, Unit 03, 58th Floor, Futian District, Guangdong Province, Shenzhen, CHN, 518100

Website

http://www.china-ia.com

Shenzhen Wongtee International Enterprise Co Ltd is a real estate development company. The firm is engaged in the business operation and management of its own shopping malls. In addition to the real estate operations, it is also involved in the provision of financial services and content services.

Executives

Chen Jian Hua	Independent director
Tang Ruo Min	Director
Chen Yong	Director
Zhou Li Jiao	Supervisors
Chen Xiao Hai	Executives
Li Jin Quan	Director
Chen Wei Huai	Director

Shenzhen Wongtee International Enterprise Co (SZSE:000056) Headlines

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