Hengxin Shambala Culture Co (SZSE:300081) Long-Term Capital Lease Obligation : ¥8.0 Mil (As of Mar. 2024)

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What is Hengxin Shambala Culture Co Long-Term Capital Lease Obligation?

Hengxin Shambala Culture Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8.0 Mil.

Hengxin Shambala Culture Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥10.8 Mil) to Dec. 2023 (¥7.9 Mil) but then increased from Dec. 2023 (¥7.9 Mil) to Mar. 2024 (¥8.0 Mil).

Hengxin Shambala Culture Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥2.4 Mil) to Dec. 2022 (¥14.5 Mil) but then declined from Dec. 2022 (¥14.5 Mil) to Dec. 2023 (¥7.9 Mil).

Hengxin Shambala Culture Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hengxin Shambala 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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Hengxin Shambala Culture Co Long-Term Capital Lease Obligation Chart

Hengxin Shambala Culture Co Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.38

14.47

7.93

Hengxin Shambala 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															14.22	12.36	10.84	7.93	7.96

Hengxin Shambala Culture Co (SZSE:300081) 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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Hengxin Shambala Culture Co (SZSE:300081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hengxin Shambala Culture Co Ltd (SZSE:300081) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.39, Tianshan Street, Development Zone, Hebei Province, Shijiazhuang, CHN, 050035

Website

http://www.hxgro.com

Hengxin Shambala Culture Co Ltd sells and services mobile information products for individual and industry customers in China. It offers mobile information products, such as customized terminal products; engages in the contract sales of mobile phone products; operates as an agent to carrier mobile video projects; and provides mobile e-commerce and technical support services.

Executives

Pan Chao	Directors, executives
Chen Wei	Executives
Wang Bing	Director
Fu Wei	Executives
Li Xiao Bo	Executives
Meng Xian Min	Directors, executives
Wen Jian Feng	Executives
Pei Jun	Directors, executives
Zhou Xiao Qi	Supervisors
Liu Xiao Jun	Supervisors
Xu Ze Min	Director
Dong Fang	Executives
You Wen Qin	Supervisors
Chen Liang	Executives
Qi Jian	Director

Hengxin Shambala Culture Co (SZSE:300081) Headlines

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