Tencent Music Entertainment Group (Tencent Music Entertainment Group) Long-Term Capital Lease Obligation : $36 Mil (As of Mar. 2024)

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What is Tencent Music Entertainment Group Long-Term Capital Lease Obligation?

Tencent Music Entertainment Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $36 Mil.

Tencent Music Entertainment Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($44 Mil) to Dec. 2023 ($42 Mil) and declined from Dec. 2023 ($42 Mil) to Mar. 2024 ($36 Mil).

Tencent Music Entertainment Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($32 Mil) to Dec. 2022 ($44 Mil) but then declined from Dec. 2022 ($44 Mil) to Dec. 2023 ($42 Mil).

Tencent Music Entertainment Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tencent Music Entertainment 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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Tencent Music Entertainment Group Long-Term Capital Lease Obligation Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.12

33.34

32.19

43.89

41.60

Tencent Music Entertainment Group 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															41.21	35.47	43.85	41.60	35.69

Tencent Music Entertainment Group (NYSE:TME) 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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Tencent Music Entertainment Group (Tencent Music Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tencent Music Entertainment Group (NYSE:TME) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

01698:Hong Kong 0A2Z:UK 63TA:Germany

Address

Kexing Science Park, Kejizhongsan Avenue, Unit 3, Building D, Hi-Tech Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.tencentmusic.com

TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.