Hello Group (Hello Group) Long-Term Capital Lease Obligation : $7 Mil (As of Dec. 2023)

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What is Hello Group Long-Term Capital Lease Obligation?

Hello Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7 Mil.

Hello Group's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($4 Mil) to Sep. 2023 ($9 Mil) but then declined from Sep. 2023 ($9 Mil) to Dec. 2023 ($7 Mil).

Hello Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($16 Mil) to Dec. 2022 ($5 Mil) but then increased from Dec. 2022 ($5 Mil) to Dec. 2023 ($7 Mil).

Hello Group Long-Term Capital Lease Obligation Historical Data

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

Hello Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.06

20.86

16.19

4.77

7.31

Hello Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.77	5.59	4.34	9.08	7.31

Hello Group (NAS:MOMO) 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.

Hello Group Long-Term Capital Lease Obligation Related Terms

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Hello Group (Hello Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Hello Group Inc (NAS:MOMO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

0K2P:UK 1MO:Germany 1MO:Germany

Address

No. 1 Futongdong Street, 20th Floor, Block B, Tower 2, Wangjing SOHO, Chaoyang District, Beijing, CHN, 100102

Website

https://www.hellogroup.com

Hello Group Inc provides mobile-based social networking services. It enables users to establish and expand social relationships based on location and interests. Its platform includes the Momo mobile application and a variety of related features, functionalities, tools, and services that it provides to users, customers, and platform partners. The company derives its revenue from live video services, value-added services, mobile marketing services, mobile games, and other services. It operates in three segments: Momo's service lines, Tantan's service lines, and QOOL's service lines out of which Momo's service lines segment derives the majority of revenue.