Phoenix Media Investment (Holdings) (HKSE:02008) Long-Term Capital Lease Obligation : HK$579 Mil (As of Dec. 2023)

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What is Phoenix Media Investment (Holdings) Long-Term Capital Lease Obligation?

Phoenix Media Investment (Holdings)'s Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$579 Mil.

Phoenix Media Investment (Holdings)'s quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$671 Mil) to Jun. 2023 (HK$606 Mil) and declined from Jun. 2023 (HK$606 Mil) to Dec. 2023 (HK$579 Mil).

Phoenix Media Investment (Holdings)'s annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$597 Mil) to Dec. 2022 (HK$671 Mil) but then declined from Dec. 2022 (HK$671 Mil) to Dec. 2023 (HK$579 Mil).

Phoenix Media Investment (Holdings) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Phoenix Media Investment (Holdings)'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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Phoenix Media Investment (Holdings) Long-Term Capital Lease Obligation Chart

Phoenix Media Investment (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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608.82

512.44

596.91

671.20

578.62

Phoenix Media Investment (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															596.91	610.92	671.20	606.31	578.62

Phoenix Media Investment (Holdings) (HKSE:02008) 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.

Phoenix Media Investment (Holdings) Long-Term Capital Lease Obligation Related Terms

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Phoenix Media Investment (Holdings) (HKSE:02008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Phoenix Media Investment (Holdings) Ltd (HKSE:02008) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2-6 Dai King Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://phtv.ifeng.com

Phoenix Media Investment (Holdings) Ltd is engaged in satellite television broadcasting and the provision of new media services. The group mainly operates in five segments; Television broadcasting, Internet media, Outdoor media, Real estate, and Other activities. It generates maximum revenue from the Television broadcasting segment. The Television broadcasting business is engaged in the broadcasting of television programs and commercials and the provision of promotion activities.

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