XD (XDNCF) Long-Term Capital Lease Obligation : $22.2 Mil (As of Dec. 2023)

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What is XD Long-Term Capital Lease Obligation?

XD's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $22.2 Mil.

XD's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($30.7 Mil) to Jun. 2023 ($24.7 Mil) and declined from Jun. 2023 ($24.7 Mil) to Dec. 2023 ($22.2 Mil).

XD's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($13.2 Mil) to Dec. 2022 ($30.7 Mil) but then declined from Dec. 2022 ($30.7 Mil) to Dec. 2023 ($22.2 Mil).

XD Long-Term Capital Lease Obligation Historical Data

The historical data trend for XD'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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XD Long-Term Capital Lease Obligation Chart

XD Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.29

12.53

13.17

30.69

22.22

XD Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								13.17	16.44	30.69	24.74	22.22

XD (OTCPK:XDNCF) 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.

XD Long-Term Capital Lease Obligation Related Terms

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XD (XDNCF) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » XD Inc (OTCPK:XDNCF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

02400:Hong Kong 3OE:Germany

Address

Wanrong Road, Unit A2, No. 700, Shanghai, CHN

Website

www.2400.hk

XD Inc is engaged in the development, operation, publishing, and distribution of mobile and web games and the provision of information services in China and overseas. It also operates TapTap, a game community and platform in China. It has two operating segments. The game segment, which is the key revenue driver, offers game publishing and operating services on its own and via other distribution channels. Revenues from this segment are derived from game publishing and operating services. The information service segment offers online marketing services to game developers, game publishers, or their agents. Revenues from this segment are derived from performance-based online marketing services.

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