Beijing Gehua CATV Network Co (SHSE:600037) Long-Term Capital Lease Obligation : ¥173 Mil (As of Mar. 2024)

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What is Beijing Gehua CATV Network Co Long-Term Capital Lease Obligation?

Beijing Gehua CATV Network Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥173 Mil.

Beijing Gehua CATV Network Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥267 Mil) to Dec. 2023 (¥211 Mil) and declined from Dec. 2023 (¥211 Mil) to Mar. 2024 (¥173 Mil).

Beijing Gehua CATV Network Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥399 Mil) to Dec. 2022 (¥308 Mil) and declined from Dec. 2022 (¥308 Mil) to Dec. 2023 (¥211 Mil).

Beijing Gehua CATV Network Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Beijing Gehua CATV Network 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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Beijing Gehua CATV Network Co Long-Term Capital Lease Obligation Chart

Beijing Gehua CATV Network Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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348.49

399.32

307.75

210.56

Beijing Gehua CATV Network 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															305.99	310.19	266.84	210.56	172.85

Beijing Gehua CATV Network Co (SHSE:600037) 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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Beijing Gehua CATV Network Co (SHSE:600037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Beijing Gehua CATV Network Co Ltd (SHSE:600037) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.35 Huayuan North Road, Haidian District, Beijing, CHN, 100083

Website

http://www.bgctv.com.cn

Beijing Gehua CATV Network Co Ltd is engaged in the development and maintenance of radio and television networks. It is involved in the transfer and transmission of radio and television programs, video on demand, network information service business, internet access services based on cable television networks, internet data transmission value-added services, domestic IP telephony services, and cable television advertising design, production, and distribution services. The service scope covers cities, districts, streets, communities and other levels, covering education, finance, medical care, environmental protection, transportation, commerce, safety supervision and other fields.

Executives

Tang Wen Wei

senior management

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