Funshine Culture Group Co (SZSE:300860) Long-Term Capital Lease Obligation : ¥35.3 Mil (As of Mar. 2024)

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What is Funshine Culture Group Co Long-Term Capital Lease Obligation?

Funshine Culture Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥35.3 Mil.

Funshine Culture Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥27.8 Mil) to Dec. 2023 (¥35.5 Mil) but then declined from Dec. 2023 (¥35.5 Mil) to Mar. 2024 (¥35.3 Mil).

Funshine Culture Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥24.0 Mil) to Dec. 2022 (¥33.5 Mil) and increased from Dec. 2022 (¥33.5 Mil) to Dec. 2023 (¥35.5 Mil).

Funshine Culture Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Funshine 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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Funshine Culture Group Co Long-Term Capital Lease Obligation Chart

Funshine 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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4.47

23.98

33.46

35.53

Funshine 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															31.07	29.90	27.84	35.53	35.33

Funshine Culture Group Co (SZSE:300860) 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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Funshine Culture Group Co (SZSE:300860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Funshine Culture Group Co Ltd (SZSE:300860) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 1 Qinglong Hutong, Room 1606, 16th Floor, Dongcheng District, Beijing, CHN, 100007

Website

http://www.fssjart.com

Funshine Culture Group Co Ltd is engaged in different types of business in various art events and cultural activities both domestically and internationally, including planning, art creation and design, stage arts design, urban landscape construction and the lighting and audio project designing theatre and art venues. The company operates in four segments namely events and stage lighting; landscape lighting and interpretation; multimedia creative production; live performance and cultural tourism synthesis services.

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