Songcheng Performance Development Co (SZSE:300144) Long-Term Capital Lease Obligation : ¥283 Mil (As of Mar. 2025)

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What is Songcheng Performance Development Co Long-Term Capital Lease Obligation?

Songcheng Performance Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥283 Mil.

Songcheng Performance Development Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥290 Mil) to Dec. 2024 (¥291 Mil) but then declined from Dec. 2024 (¥291 Mil) to Mar. 2025 (¥283 Mil).

Songcheng Performance Development Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (¥347 Mil) to Dec. 2023 (¥316 Mil) and declined from Dec. 2023 (¥316 Mil) to Dec. 2024 (¥291 Mil).

Songcheng Performance Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Songcheng Performance Development 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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Songcheng Performance Development Co Long-Term Capital Lease Obligation Chart

Songcheng Performance Development Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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390.54

371.77

347.09

316.12

290.58

Songcheng Performance Development Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															302.94	303.62	290.41	290.58	283.17

Songcheng Performance Development Co (SZSE:300144) 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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Songcheng Performance Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Songcheng Performance Development Co Ltd (SZSE:300144) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

No. 148, Zhijiang Road, Zhejiang Province, Hangzhou, CHN, 310008

Website

https://www.songcn.com

Songcheng Performance Development Co Ltd operates in the performing arts industry. The company is engaged in the operation of Live performances, tourism and leisure, and Internet performance in China.

Executives

Huang Qiao Long	Director
Huang Qiao Ling	Director
Zheng Qi	Executives
Liu Yan	Directors, executives
Xu Jie	Supervisors
Dong Xin	Secretary Dong
Ji Ding Tian	Director
Shang Ling Xia	Executives
Chen Sheng Min	Executives
Zhang Jian Kun	Directors, executives
Yu Feng	Supervisors
Zhao Wei Dong	Supervisors
Zhu Hua Lu	Supervisors
Zhang Hui Pin	Director
Fang Dong Biao	Director

Songcheng Performance Development Co Headlines

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