Jiangsu Broadcasting Cable Information Network (SHSE:600959) Long-Term Capital Lease Obligation : ¥54 Mil (As of Dec. 2023)

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What is Jiangsu Broadcasting Cable Information Network Long-Term Capital Lease Obligation?

Jiangsu Broadcasting Cable Information Network's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥54 Mil.

Jiangsu Broadcasting Cable Information Network's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (¥71 Mil) to Sep. 2023 (¥67 Mil) and declined from Sep. 2023 (¥67 Mil) to Dec. 2023 (¥54 Mil).

Jiangsu Broadcasting Cable Information Network's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥61 Mil) to Dec. 2022 (¥73 Mil) but then declined from Dec. 2022 (¥73 Mil) to Dec. 2023 (¥54 Mil).

Jiangsu Broadcasting Cable Information Network Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiangsu Broadcasting Cable Information Network'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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Jiangsu Broadcasting Cable Information Network Long-Term Capital Lease Obligation Chart

Jiangsu Broadcasting Cable Information Network Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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53.70

60.76

73.03

54.28

Jiangsu Broadcasting Cable Information Network Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															73.03	78.06	71.13	67.30	54.28

Jiangsu Broadcasting Cable Information Network (SHSE:600959) 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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Jiangsu Broadcasting Cable Information Network (SHSE:600959) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Jiangsu Broadcasting Cable Information Network Corp Ltd (SHSE:600959) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Number 4, Beijing East Road, 25th Floor, Jiangsu Radio and Television City, Jiangsu Province, Nanjing, CHN, 210008

Website

http://www.jscnnet.com

Jiangsu Broadcasting Cable Information Network Corp Ltd is a China-based company engaged in the construction and operation of broadcasting and television networks, the development and operation of radio and television program transmission, data broadband services and digital TV value-added services.

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