Guangdong Wenke Green Technology (SZSE:002775) Long-Term Capital Lease Obligation : ¥7.0 Mil (As of Mar. 2024)

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What is Guangdong Wenke Green Technology Long-Term Capital Lease Obligation?

Guangdong Wenke Green Technology's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7.0 Mil.

Guangdong Wenke Green Technology's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥4.6 Mil) to Dec. 2023 (¥8.1 Mil) but then declined from Dec. 2023 (¥8.1 Mil) to Mar. 2024 (¥7.0 Mil).

Guangdong Wenke Green Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0.0 Mil) to Dec. 2022 (¥6.7 Mil) and increased from Dec. 2022 (¥6.7 Mil) to Dec. 2023 (¥8.1 Mil).

Guangdong Wenke Green Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangdong Wenke Green Technology'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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Guangdong Wenke Green Technology Long-Term Capital Lease Obligation Chart

Guangdong Wenke Green Technology Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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0.30

6.75

8.11

Guangdong Wenke Green Technology 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															5.39	4.87	4.58	8.11	6.98

Guangdong Wenke Green Technology (SZSE:002775) 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.

Guangdong Wenke Green Technology Long-Term Capital Lease Obligation Related Terms

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Guangdong Wenke Green Technology (SZSE:002775) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangdong Wenke Green Technology Corp Ltd (SZSE:002775) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

1006 Shennan Road, Floor 35, 36, Tower A, Shenzhen International Innovation Center, Futian District, Shenzhen, Guangdong, CHN

Website

http://www.wkyy.com

Guangdong Wenke Green Technology Corp Ltd is engaged in comprehensive landscaping enterprise specializing in garden landscape design, greening seedling planting, landscaping project construction and garden maintenance.

Executives

Cheng Yu Jiao	Securities Affairs Representative
Li Cong Wen	Director
Tian Shou Neng	Directors, executives
Wang Zu Sheng	Executives
Cheng Zhi Peng	Executives
Ye Ding Liang	Executives
Huang Zhen Yuan	Executives

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