SINA (SINA) Long-Term Capital Lease Obligation : $7 Mil (As of Jun. 2020)

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What is SINA Long-Term Capital Lease Obligation?

SINA's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2020 was $7 Mil.

SINA's quarterly Long-Term Capital Lease Obligation declined from Dec. 2019 ($13 Mil) to Mar. 2020 ($10 Mil) and declined from Mar. 2020 ($10 Mil) to Jun. 2020 ($7 Mil).

SINA's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2017 ($0 Mil) to Dec. 2018 ($0 Mil) but then increased from Dec. 2018 ($0 Mil) to Dec. 2019 ($13 Mil).

SINA Long-Term Capital Lease Obligation Historical Data

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

SINA Annual Data

Trend

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Dec19

Long-Term Capital Lease Obligation

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13.08

SINA Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															20.03	16.26	13.08	10.44	6.74

SINA (NAS:SINA) 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.

SINA Long-Term Capital Lease Obligation Related Terms

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SINA (SINA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » SINA Corp (NAS:SINA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

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Address

Courtyard 10, the West Xibeiwang East Road, No. 8 SINA Plaza, Haidian District, Beijing, CHN, 100193

Website

http://www.sina.com.cn

Sina is a leading online media company in China, established in 1998. In 2009, Sina launched the first Twitter-like social media platform in China, Weibo, which has reached 361 million monthly active users and 159 million daily active users. Sina holds 46% of shares and has 72% voting power in Weibo, and Alibaba holds 31.4% of shares and 14.8% voting power. About 85% of net revenue is from online advertising, with 29.5% from portal advertising and 55.4% from Weibo advertising.

Executives

Hurst Lin	director
Yan Wang	director
Benjamin S Tsiang	officer: Executive Vice President
Pehong Chen	director	460 SEAPORT COURT, SUITE 102, REDWOOD CITY CA 94063
Yongji Duan	director	NO 2 HAIDIAN ROAD C/O PATRICK NG ZHONGGUANCUN F4 00000
Ter Fung Tsao	director	2988 CAMPUS DRIVE STE 100 SAN MATEO CA 94403
Yi Chen Zhang	director	28/F CITIC TOWER 1 TIM MEI AVENUE HONG KONG K3 00000
Xiaotao Chen	director	C/O STONE ELECTRONIC TECHNOLOGY 27/F, K. WAH CENTRE, 191 JAVA ROAD NORTH POINT K3
Song-yi Zhang	director	C/O: 10/F, FUNG HOUSE, 19-20 CONNAUGHT ROAD CENTRAL, HONG KONG K3 -
Lip Bu Tan	director	ONE CALIFORNIA STREET 28TH FLOOR, SAN FRANCISCO CA 94111
Charles Guowei Chao	director, officer: CEO & President
Herman Yu	officer: Acting Chief Financial Officer	C/O SINA, 20F, IDEAL PLAZA NO. 58, NORTH 4TH RING ROAD WEST HAIDIAN DISTRICT, BE F4 100080
Daniel Chiang	director
Shanda Interactive Entertainment Ltd	10 percent owner	NO. 208 JULI ROAD PUDONG NEW AREA SHANGHAI F4 201203
Skyline Media Ltd	10 percent owner	PALM GROVE HOUSE P.O. BOX 438 ROAD TOWN, TORTOLA D8 00000