Alibaba Pictures Group (HKSE:01060) Long-Term Capital Lease Obligation : HK$77 Mil (As of Sep. 2023)

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What is Alibaba Pictures Group Long-Term Capital Lease Obligation?

Alibaba Pictures Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$77 Mil.

Alibaba Pictures Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$150 Mil) to Mar. 2023 (HK$135 Mil) and declined from Mar. 2023 (HK$135 Mil) to Sep. 2023 (HK$77 Mil).

Alibaba Pictures Group's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$295 Mil) to Mar. 2022 (HK$169 Mil) and declined from Mar. 2022 (HK$169 Mil) to Mar. 2023 (HK$135 Mil).

Alibaba Pictures Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Alibaba Pictures 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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Alibaba Pictures Group Long-Term Capital Lease Obligation Chart

Alibaba Pictures Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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4.52

301.04

295.19

169.20

135.05

Alibaba Pictures Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															219.08	169.20	150.29	135.05	77.01

Alibaba Pictures Group (HKSE:01060) 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.

Alibaba Pictures Group Long-Term Capital Lease Obligation Related Terms

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Alibaba Pictures Group (HKSE:01060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Alibaba Pictures Group Ltd (HKSE:01060) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CBW:Germany

Address

1 Matheson Street, 26th Floor, Tower One, Times Square, Causeway Bay, Hong Kong, HKG

Website

http://www.alibabapictures.com

Alibaba Pictures Group Ltd a subsidiary of the Alibaba Group, is a diversified media company headquartered in China that operates in the entertainment industry. The company has three business segments: Technology, Content production, and IP merchandising and commercialization. The Technology segment provides Internet-based ticketing services to consumers and offers Internet-based promotion and distribution services to cinemas. The integrated development unit develops, licenses, and merchandises intellectual property. The content production business engages in planning, developing, and producing films and TV drama series. The Content segment generates most of the company's revenue.

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