NetDragon Websoft (HKSE:00777) Long-Term Capital Lease Obligation : HK$49 Mil (As of Dec. 2023)

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What is NetDragon Websoft Long-Term Capital Lease Obligation?

NetDragon Websoft's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$49 Mil.

NetDragon Websoft's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$56 Mil) to Jun. 2023 (HK$38 Mil) but then increased from Jun. 2023 (HK$38 Mil) to Dec. 2023 (HK$49 Mil).

NetDragon Websoft's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$116 Mil) to Dec. 2022 (HK$56 Mil) and declined from Dec. 2022 (HK$56 Mil) to Dec. 2023 (HK$49 Mil).

NetDragon Websoft Long-Term Capital Lease Obligation Historical Data

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

NetDragon Websoft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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121.07

138.05

116.32

55.84

49.22

NetDragon Websoft Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															116.32	81.49	55.84	38.28	49.22

NetDragon Websoft (HKSE:00777) 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.

NetDragon Websoft Long-Term Capital Lease Obligation Related Terms

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NetDragon Websoft (HKSE:00777) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NetDragon Websoft Inc (HKSE:00777) » Definitions » Long-Term Capital Lease Obligation

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3ND:Germany

Address

58 Wenquan Branch Road, 851 Building, Fuzhou, CHN

Website

http://www.nd.com.cn

NetDragon Websoft Inc is a Chinese holding company that engages in developing and operating online and mobile games as well as educational platforms. NetDragon's games include PC games, web-based games, mobile games, and e-sports games. PC games constitute the majority of the company's games sales. The company's game portfolio is composed of a range of games that appeal to various types of players. These games include Way of the Five, Eudemons Online, Conquer Online, Zero Online, and Heroes of Might & Magic Online. The company has operations in North America, Europe, and Asia.

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