Zhejiang Daily Digital Culture Group Co (SHSE:600633) Long-Term Capital Lease Obligation : ¥184 Mil (As of Mar. 2024)

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What is Zhejiang Daily Digital Culture Group Co Long-Term Capital Lease Obligation?

Zhejiang Daily Digital Culture Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥184 Mil.

Zhejiang Daily Digital Culture Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥184 Mil) to Dec. 2023 (¥187 Mil) but then declined from Dec. 2023 (¥187 Mil) to Mar. 2024 (¥184 Mil).

Zhejiang Daily Digital Culture Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥220 Mil) to Dec. 2022 (¥194 Mil) and declined from Dec. 2022 (¥194 Mil) to Dec. 2023 (¥187 Mil).

Zhejiang Daily Digital Culture Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Daily Digital Culture Group 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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Zhejiang Daily Digital Culture Group Co Long-Term Capital Lease Obligation Chart

Zhejiang Daily Digital Culture Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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22.42

220.21

193.68

186.84

Zhejiang Daily Digital Culture Group 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															195.51	184.01	184.32	186.84	183.84

Zhejiang Daily Digital Culture Group Co (SHSE:600633) 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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Zhejiang Daily Digital Culture Group Co (SHSE:600633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Zhejiang Daily Digital Culture Group Co Ltd (SHSE:600633) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Stadium Road 178, 26-27 floor, Zhejiang Province, Hangzhou, CHN, 310039

Website

http://www.600633.cn

Zhejiang Daily Digital Culture Group Co Ltd is a media company based in China. It aims to build a domestic Internet digital cultural industry group and comprehensively develop a digital culture industry based on the Internet. Its focus is on the digital entertainment industry, digital sports industry, and the "four-in-one" big data industry with high-quality IP as the core. The company also focuses on the development of e-commerce services, art services, and other cultural industry services.

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