Zhejiang Sunriver Culture Co (SHSE:600576) Long-Term Capital Lease Obligation : ¥15.5 Mil (As of Mar. 2024)

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What is Zhejiang Sunriver Culture Co Long-Term Capital Lease Obligation?

Zhejiang Sunriver Culture Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥15.5 Mil.

Zhejiang Sunriver Culture Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥17.1 Mil) to Dec. 2023 (¥15.6 Mil) and declined from Dec. 2023 (¥15.6 Mil) to Mar. 2024 (¥15.5 Mil).

Zhejiang Sunriver Culture Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥7.7 Mil) to Dec. 2022 (¥19.5 Mil) but then declined from Dec. 2022 (¥19.5 Mil) to Dec. 2023 (¥15.6 Mil).

Zhejiang Sunriver Culture Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Sunriver Culture 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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Zhejiang Sunriver Culture Co Long-Term Capital Lease Obligation Chart

Zhejiang Sunriver Culture Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.38

7.73

19.49

15.60

Zhejiang Sunriver Culture 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															5.16	4.42	17.09	15.60	15.52

Zhejiang Sunriver Culture Co (SHSE:600576) 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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Zhejiang Sunriver Culture Co (SHSE:600576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Zhejiang Sunriver Culture Co Ltd (SHSE:600576) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Miduqiao Road, 12th Floor, Baima Building, Hangzhou, CHN, 310005

Website

http://www.cn-pg.cn

Zhejiang Sunriver Culture Co Ltd is a China-based company engaged in culture consulting, animation design, film and television planning, information services, among others. The group is mainly engaged in the creation, planning, production, distribution, and animation of mobile internet animation, animation related copyright authorization and animation related internet and mobile online game development and operation services. In addition, the company is also involved in the finance business.

Executives

Chen Yun Zhao	Supervisors
Chen Ya Wen	Supervisors
Zhan Chun Wei	senior management
Xu Zhong Ping	Director
Wang Qi	senior management
Wang Heng	Directors, senior managers
Yu Zhen Xiang	Supervisors
Gao Chao Hui	senior management
Sun Dong Yang	Directors, senior managers
Liu Wei	Director
Feng Guo Chang	Director
Wang Wei Zhi	senior management
Yan Dong Lai	Director

Zhejiang Sunriver Culture Co (SHSE:600576) Headlines

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