37 Interactive Entertainment Network Technology Group Co (SZSE:002555) Long-Term Capital Lease Obligation : ¥3 Mil (As of Mar. 2024)

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What is 37 Interactive Entertainment Network Technology Group Co Long-Term Capital Lease Obligation?

37 Interactive Entertainment Network Technology Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil.

37 Interactive Entertainment Network Technology Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥5 Mil) to Dec. 2023 (¥4 Mil) and declined from Dec. 2023 (¥4 Mil) to Mar. 2024 (¥3 Mil).

37 Interactive Entertainment Network Technology Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥40 Mil) to Dec. 2022 (¥17 Mil) and declined from Dec. 2022 (¥17 Mil) to Dec. 2023 (¥4 Mil).

37 Interactive Entertainment Network Technology Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for 37 Interactive Entertainment Network Technology Group 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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37 Interactive Entertainment Network Technology Group Co Long-Term Capital Lease Obligation Chart

37 Interactive Entertainment Network Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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57.21

39.64

16.79

3.95

37 Interactive Entertainment Network Technology Group 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															16.49	9.25	5.09	3.95	3.50

37 Interactive Entertainment Network Technology Group Co (SZSE:002555) 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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37 Interactive Entertainment Network Technology Group Co (SZSE:002555) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » 37 Interactive Entertainment Network Technology Group Co Ltd (SZSE:002555) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Middle Beijing Road, 11th Floor, Creative Advertising Complex, Wuhu Advertising Industrial Park, Anhui Province, Wuhu, CHN, 241000

Website

http://www.37entertainment.net

37 Interactive Entertainment Network Technology Group Co Ltd is involved in interactive entertainment business mainly focuses on the research, development, publishing, and operation of mobile games and browser games, while arranging pan-entertainment business including film and TV, animation, music. The company steadily promoted the development strategy of platformization, globalization, and pan-entertainment for interactive entertainment business based on IP.

Executives

Ceng Kai Tian	Director
Xu Zhi Gao	Executives
Li Wei Wei	Director
Yang Jun	Directors, executives
Hu Yu Hang	Director
Wu Wei Hong	Director
Wu Wei Dong	Director
Yin Bin	Independent director
Zhang Yun	Directors, executives
Wang Xun	Director
Zhang Yu Hua	Executives

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