mm2 Asia (SGX:1B0) Long-Term Capital Lease Obligation : S$0.3 Mil (As of Sep. 2023)

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What is mm2 Asia Long-Term Capital Lease Obligation?

mm2 Asia's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was S$0.3 Mil.

mm2 Asia's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (S$17.5 Mil) to Mar. 2023 (S$0.4 Mil) and declined from Mar. 2023 (S$0.4 Mil) to Sep. 2023 (S$0.3 Mil).

mm2 Asia's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (S$42.4 Mil) to Mar. 2022 (S$23.2 Mil) and declined from Mar. 2022 (S$23.2 Mil) to Mar. 2023 (S$0.4 Mil).

mm2 Asia Long-Term Capital Lease Obligation Historical Data

The historical data trend for mm2 Asia'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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mm2 Asia Long-Term Capital Lease Obligation Chart

mm2 Asia Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.15

61.74

42.39

23.18

0.38

mm2 Asia Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															40.11	23.18	17.50	0.38	0.27

mm2 Asia (SGX:1B0) 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.

mm2 Asia Long-Term Capital Lease Obligation Related Terms

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mm2 Asia (SGX:1B0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » mm2 Asia Ltd (SGX:1B0) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

1MMA:Germany

Address

1002 Jalan Bukit Merah, No. 07-11, Redhill Industrial Estate, Singapore, SGP, 159456

Website

https://www.mm2asia.com

mm2 Asia Ltd Asia Ltd's core business lies in film, TV, and online content production, distribution, and sponsorship. across the content, entertainment, cinema, event, and concert industries in Singapore, Malaysia, Hong Kong, Taiwan, China, and the United States of America. The company's reportable segments include Core business, Digital content production, Cinema operations, Concerts and events, and others. The Cinema operations segment refers to sales of cinema tickets and concessions, hall rental, and screen advertising. The Core business segment refers to the group's production and distribution of motion pictures, video and television programs, and sponsorship. It generates maximum revenue from the Core segment. Geographically, it derives a majority of its revenue from Singapore.

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