Mango Excellent Media Co (SZSE:300413) Long-Term Capital Lease Obligation : ¥152 Mil (As of Mar. 2024)

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What is Mango Excellent Media Co Long-Term Capital Lease Obligation?

Mango Excellent Media Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥152 Mil.

Mango Excellent Media Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥152 Mil) to Dec. 2023 (¥152 Mil) and increased from Dec. 2023 (¥152 Mil) to Mar. 2024 (¥152 Mil).

Mango Excellent Media Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥170 Mil) to Dec. 2022 (¥138 Mil) but then increased from Dec. 2022 (¥138 Mil) to Dec. 2023 (¥152 Mil).

Mango Excellent Media Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mango Excellent Media 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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Mango Excellent Media Co Long-Term Capital Lease Obligation Chart

Mango Excellent Media Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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168.78

169.64

138.34

151.81

Mango Excellent Media 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															158.77	164.37	151.59	151.81	151.97

Mango Excellent Media Co (SZSE:300413) 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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Mango Excellent Media Co (SZSE:300413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mango Excellent Media Co Ltd (SZSE:300413) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Golden Eagle TV Culture City, North Block 4, Hunan Province, Changsha, CHN, 410003

Website

https://www.mgtv.com

Mango Excellent Media Co Ltd is a China-based company engages in the provision of E-commerce services through Television, Internet, Catalogs and other multimedia channels. The company offers beauty protection, food, kitchen, textile, digital appliances, and maternal and child care products, as well as clothing accessories and other products. Its operating segment includes New media platform operation; New media interactive entertainment content production and operation; Media retail business and Others. The company generates maximum revenue from New media platform operation segment.

Mango Excellent Media Co (SZSE:300413) Headlines

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