K W Nelson Interior Design and Contracting Group (HKSE:08411) Long-Term Capital Lease Obligation : HK$0.00 Mil (As of Dec. 2023)

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What is K W Nelson Interior Design and Contracting Group Long-Term Capital Lease Obligation?

K W Nelson Interior Design and Contracting Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.00 Mil.

K W Nelson Interior Design and Contracting Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$0.12 Mil) to Sep. 2023 (HK$0.00 Mil) but then stayed the same from Sep. 2023 (HK$0.00 Mil) to Dec. 2023 (HK$0.00 Mil).

K W Nelson Interior Design and Contracting Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.29 Mil) to Dec. 2022 (HK$0.28 Mil) and declined from Dec. 2022 (HK$0.28 Mil) to Dec. 2023 (HK$0.00 Mil).

K W Nelson Interior Design and Contracting Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for K W Nelson Interior Design and Contracting 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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K W Nelson Interior Design and Contracting Group Long-Term Capital Lease Obligation Chart

K W Nelson Interior Design and Contracting Group Annual Data

Trend

Dec14

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Dec16

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Dec18

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Dec20

Dec21

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Dec23

Long-Term Capital Lease Obligation

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0.63

0.12

0.29

0.28

K W Nelson Interior Design and Contracting Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.28	-	0.12	-	-

K W Nelson Interior Design and Contracting Group (HKSE:08411) 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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K W Nelson Interior Design and Contracting Group (HKSE:08411) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » K W Nelson Interior Design and Contracting Group Ltd (HKSE:08411) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

651 King's Road, Room 1703, 17th Floor, Technology Plaza, Quarry Bay, Hong Kong, HKG

Website

https://www.kwnelson.com.hk

K W Nelson Interior Design and Contracting Group Ltd is engaged in providing interior designs, project management services, and fitting-out works in Hong Kong and Mainland China. It offers pre-lease advisory, interior design, space planning, project management, construction and fitting-out works, maintenance for tailor-made sections, and after-sales services. The company serves multinational companies from various industries, such as banking, retail, healthcare, legal services, catering, education, energy, insurance, telecommunications, property management, and logistics management. The majority of its revenue gets derived from Hong Kong.

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