Bingo Software Co (SHSE:688227) Long-Term Capital Lease Obligation : ¥4.7 Mil (As of Jun. 2024)

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What is Bingo Software Co Long-Term Capital Lease Obligation?

Bingo Software Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥4.7 Mil.

Bingo Software Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (¥5.3 Mil) to Mar. 2024 (¥7.2 Mil) but then declined from Mar. 2024 (¥7.2 Mil) to Jun. 2024 (¥4.7 Mil).

Bingo Software Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥22.7 Mil) to Dec. 2022 (¥8.2 Mil) and declined from Dec. 2022 (¥8.2 Mil) to Dec. 2023 (¥5.3 Mil).

Bingo Software Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bingo Software 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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Bingo Software Co Long-Term Capital Lease Obligation Chart

Bingo Software Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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46.15

22.69

8.21

5.26

Bingo Software Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.73	4.55	5.26	7.23	4.74

Bingo Software Co (SHSE:688227) 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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Bingo Software Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bingo Software Co Ltd (SHSE:688227) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 17, Software Road, Building G1, Gaotang Software Industry Base, Tianhe District, Guangdong Province, Guangzhou, CHN, 510663

Website

https://www.bingosoft.net

Bingo Software Co Ltd is a cloud computing and industry information service provider. It holds cloud computing-centric basic products such as BingoCloudOS, BingoFuse, BingoInsight, BingoLink and others. The types of products and services include cloud product sales, cloud leasing services, cloud solutions and industry information services.

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