CMGE Technology Group (HKSE:00302) Long-Term Capital Lease Obligation : HK$17 Mil (As of Dec. 2023)

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What is CMGE Technology Group Long-Term Capital Lease Obligation?

CMGE Technology Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$17 Mil.

CMGE Technology Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$30 Mil) to Jun. 2023 (HK$21 Mil) and declined from Jun. 2023 (HK$21 Mil) to Dec. 2023 (HK$17 Mil).

CMGE Technology Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$10 Mil) to Dec. 2022 (HK$30 Mil) but then declined from Dec. 2022 (HK$30 Mil) to Dec. 2023 (HK$17 Mil).

CMGE Technology Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for CMGE Technology Group'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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CMGE Technology Group Long-Term Capital Lease Obligation Chart

CMGE Technology Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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18.99

15.28

10.34

30.21

17.32

CMGE Technology Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									10.34	24.70	30.21	20.94	17.32

CMGE Technology Group (HKSE:00302) 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.

CMGE Technology Group Long-Term Capital Lease Obligation Related Terms

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CMGE Technology Group (HKSE:00302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » CMGE Technology Group Ltd (HKSE:00302) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Zhongkang North Road, 10th Floor, Building No. 4, Zhuoyue Meilin Center Square, Futian District, Guangdong Province, Shenzhen, CHN

Website

https://www.cmge.com

CMGE is an IP-based mobile game developer and publisher in China with 55 licensed IPs and 68 proprietary IPs as of the end of 2021. The company has over 80 games on the shelf and over 20 games with lifecycles of over three years. Average monthly active users, or MAUs, of CMGE games reached 19.1 million in 2021. The market share of CMGE for online gaming grossing income in 2021 was around 1%.

Executives

Xiao Jian	2101 Beneficial owner
Sin Hendrick	2101 Beneficial owner
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Trident Trust Company (b.v.i.) Limited	2301 Trustee
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Changpei Investment Centre, L.p.
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Zhongshouyou Brothers Limited
Xiao Jian	2307 Founder of a discretionary trust who can infl
Victory Aspire Group Limited	2201 Interest of corporation controlled by you
Cmb Wing Lung (trustee) Limited	2301 Trustee
Antopex Limited	2306 Nominee for another person

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