Kunlun Tech Co (SZSE:300418) Long-Term Capital Lease Obligation : ¥275 Mil (As of Mar. 2024)

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What is Kunlun Tech Co Long-Term Capital Lease Obligation?

Kunlun Tech Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥275 Mil.

Kunlun Tech Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥95 Mil) to Dec. 2023 (¥179 Mil) and increased from Dec. 2023 (¥179 Mil) to Mar. 2024 (¥275 Mil).

Kunlun Tech Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥69 Mil) to Dec. 2022 (¥86 Mil) and increased from Dec. 2022 (¥86 Mil) to Dec. 2023 (¥179 Mil).

Kunlun Tech Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kunlun Tech 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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Kunlun Tech Co Long-Term Capital Lease Obligation Chart

Kunlun Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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43.36

68.57

85.83

179.44

Kunlun Tech 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															66.80	103.32	94.83	179.44	275.01

Kunlun Tech Co (SZSE:300418) 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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Kunlun Tech Co (SZSE:300418) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Kunlun Tech Co Ltd (SZSE:300418) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 46, Xizongbu Hutong, Block B, Mingyang International Center, Dongcheng District, Beijing, CHN, 100005

Website

http://www.kunlun.com

Kunlun Tech Co Ltd engages in the development and distribution of online games in China. It also operates software application stores. The company develops and distributes web games, social games, mobile games, and software applications. Geographically the company distributes its products in domestic and overseas markets.

Executives

Zhou Ya Hui	Director
Wang Li Wei	Directors, executives
Fang Han	Executives

Kunlun Tech Co (SZSE:300418) Headlines

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