Ciwen Media Co (SZSE:002343) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Mar. 2024)

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What is Ciwen Media Co Long-Term Capital Lease Obligation?

Ciwen Media Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil.

Ciwen Media Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥0.8 Mil) to Dec. 2022 (¥0.0 Mil) but then stayed the same from Dec. 2022 (¥0.0 Mil) to Dec. 2023 (¥0.0 Mil).

Ciwen Media Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ciwen Media 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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Ciwen Media Co Long-Term Capital Lease Obligation Chart

Ciwen Media Co Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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1.52

0.77

Ciwen Media 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															-	-	-	-	-

Ciwen Media Co (SZSE:002343) 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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Ciwen Media Co (SZSE:002343) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ciwen Media Co Ltd (SZSE:002343) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hexin Industrial Park, Dongfang Road, Jiaxing, Zhejiang, CHN

Website

http://www.ciwen.tv

Ciwen Media Co Ltd is a China-based company engaged in the investment, manufacture, and publication of movie and television plays. It is also engaged in the research, development, and promotion of games, artist brokerage business and the provision of information technology. The company distributes its products within domestic market and to overseas markets.

Executives

Chen Mian Hua	Executives
Chen Ming You	Directors, executives
Ma Zhong Jun	Directors, executives
Wei Li Li	Directors, executives
Lu De Min	Executives
Yuan Xiang Yang	Executives
Li Hua	Executives
Zhu Shan Zhong	Director
Pang Jian	Director
Gu Jian Hui	Directors, executives
Chen Yun Biao	Supervisors
Lv Zhi Wei	Supervisors
Yao Xin	Executives
Zhang Yan Hui	Director, Director, Representative of Securities A
Kong Zhong Ping	Executives

Ciwen Media Co (SZSE:002343) Headlines

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