Xinhuanet Co (SHSE:603888) Long-Term Capital Lease Obligation : ¥2 Mil (As of Mar. 2024)

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What is Xinhuanet Co Long-Term Capital Lease Obligation?

Xinhuanet Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2 Mil.

Xinhuanet Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥14 Mil) to Dec. 2023 (¥10 Mil) and declined from Dec. 2023 (¥10 Mil) to Mar. 2024 (¥2 Mil).

Xinhuanet Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥35 Mil) to Dec. 2022 (¥49 Mil) but then declined from Dec. 2022 (¥49 Mil) to Dec. 2023 (¥10 Mil).

Xinhuanet Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xinhuanet 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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Xinhuanet Co Long-Term Capital Lease Obligation Chart

Xinhuanet Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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55.41

34.57

48.50

10.40

Xinhuanet 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															26.86	17.89	14.04	10.40	2.10

Xinhuanet Co (SHSE:603888) 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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Xinhuanet Co (SHSE:603888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Xinhuanet Co Ltd (SHSE:603888) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 2, Beixing Road (East Section), 101, 1-5, Building 12, Daxing District, Beijing, CHN, 100162

Website

http://www.xinhuanet.com

Xinhuanet Co Ltd operates in the internet content and information industry. It owns and manages a news information service portals in China. Its business activities are divided into the following: online advertising, information services, website construction, technical services and mobile internet. Its online advertising business provides full-screen shrink, rear projection, streaming media and other forms of advertising. Its information services include multimedia information services and big data intelligent analysis services. The website construction and technical service business engage in website construction, content management and operation. The mobile internet business provides mobile internet content information services through text, images, voice, video and other forms.

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