Pop Culture Group Co (Pop Culture Group Co) Long-Term Capital Lease Obligation : $0.01 Mil (As of Dec. 2023)

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

Pop Culture Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.01 Mil.

Pop Culture Group Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.16 Mil) to Jun. 2023 ($0.04 Mil) and declined from Jun. 2023 ($0.04 Mil) to Dec. 2023 ($0.01 Mil).

Pop Culture Group Co's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($0.11 Mil) to Jun. 2022 ($0.25 Mil) but then declined from Jun. 2022 ($0.25 Mil) to Jun. 2023 ($0.04 Mil).

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

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

Pop Culture Group Co Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

0.26

0.19

0.11

0.25

0.04

Pop Culture Group Co Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					0.05	0.25	0.16	0.04	0.01

Pop Culture Group Co (NAS:CPOP) 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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Pop Culture Group Co (Pop Culture Group Co) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd Floor, No. 168 Fengqi Road, Jimei District, Fujian Province, Xiamen, CHN, 361008

Website

http://www.cpop.cn

Pop Culture Group Co Ltd hosts entertainment events, operates hip-hop-related online programs, and provides event planning and execution services and marketing services to corporate clients. It generates revenue from our Event Hosting business by providing sponsorship packages to advertisers in exchange for sponsorship fees and by selling tickets for those concerts.