Ourpalm Co (SZSE:300315) Long-Term Capital Lease Obligation : ¥42.1 Mil (As of Mar. 2024)

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What is Ourpalm Co Long-Term Capital Lease Obligation?

Ourpalm Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥42.1 Mil.

Ourpalm Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥2.8 Mil) to Dec. 2023 (¥0.9 Mil) but then increased from Dec. 2023 (¥0.9 Mil) to Mar. 2024 (¥42.1 Mil).

Ourpalm Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥13.9 Mil) to Dec. 2022 (¥4.1 Mil) and declined from Dec. 2022 (¥4.1 Mil) to Dec. 2023 (¥0.9 Mil).

Ourpalm Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ourpalm 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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Ourpalm Co Long-Term Capital Lease Obligation Chart

Ourpalm Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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25.82

13.95

4.13

0.91

Ourpalm 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															3.91	2.47	2.83	0.91	42.07

Ourpalm Co (SZSE:300315) 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.

Ourpalm Co Long-Term Capital Lease Obligation Related Terms

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Ourpalm Co (SZSE:300315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Ourpalm Co Ltd (SZSE:300315) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Baosheng South Road, Room 901, Building 29, Block C, Lingzhi Center, Aobei Science and Technology Park, Haidian District, Beijing, CHN

Website

http://www.ourpalm.com

Ourpalm Co Ltd is a China-based company engaged in the development, publishing, and operation of games. Its main business includes mobile terminal games, internet page games and product development, agent distribution and operation and maintenance of its peripheral products.

Executives

Cheng Li	Executives
Yao Wen Zhe	Directors, executives
Wu Lin Guang	Director
Hu Bin	Directors, executives
Li Hao Sheng	Directors, executives
Deng Pan	Director
Yao Wen Bin	Director
Song Hai Bo	Director
Ye Ying Tao	Director
Wang Zhong Jun	Director
Yang Kai	Directors, executives
Zhang Yun Xia	Directors, Directors, and Executives

Ourpalm Co (SZSE:300315) Headlines

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