Cheche Group (Cheche Group) Long-Term Capital Lease Obligation : $0.9 Mil (As of Dec. 2022)

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What is Cheche Group Long-Term Capital Lease Obligation?

Cheche Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.9 Mil.

Cheche Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.3 Mil) to Jun. 2022 ($0.6 Mil) but then increased from Jun. 2022 ($0.6 Mil) to Dec. 2022 ($0.9 Mil).

Cheche Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.3 Mil) to Dec. 2022 ($0.9 Mil) and declined from Dec. 2022 ($0.9 Mil) to Dec. 2023 ($0.8 Mil).

Cheche Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cheche 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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Cheche Group Long-Term Capital Lease Obligation Chart

Cheche Group Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.30

0.89

0.76

Cheche Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Dec23
Long-Term Capital Lease Obligation	-	1.30	0.58	0.89	0.76

Cheche Group (NAS:CCG) 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.

Cheche Group Long-Term Capital Lease Obligation Related Terms

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Cheche Group (Cheche Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cheche Group Inc (NAS:CCG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088

Website

https://www.chechegroup.com

Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

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