Jowell Global (Jowell Global) Long-Term Capital Lease Obligation : $1.0 Mil (As of Dec. 2023)

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What is Jowell Global Long-Term Capital Lease Obligation?

Jowell Global's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.0 Mil.

Jowell Global's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($2.1 Mil) to Jun. 2023 ($1.5 Mil) and declined from Jun. 2023 ($1.5 Mil) to Dec. 2023 ($1.0 Mil).

Jowell Global's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($4.0 Mil) to Dec. 2022 ($2.1 Mil) and declined from Dec. 2022 ($2.1 Mil) to Dec. 2023 ($1.0 Mil).

Jowell Global Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jowell Global'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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Jowell Global Long-Term Capital Lease Obligation Chart

Jowell Global Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.97

3.99

2.10

1.03

Jowell Global Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						3.99	3.08	2.10	1.48	1.03

Jowell Global (NAS:JWEL) 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.

Jowell Global Long-Term Capital Lease Obligation Related Terms

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Jowell Global (Jowell Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Jowell Global Ltd (NAS:JWEL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 285 Jiangpu Road, 2nd Floor, Yangpu District, Shanghai, CHN, 200082

Website

https://www.1juhao.com

Jowell Global Ltd is a cosmetics, health and nutritional supplements, and household products e-commerce platform. It operates under Online Direct Sales, Authorized Retail Store Distribution, Third-party Merchants, and Live streaming marketing sales channels. The company's major merchandise categories are Cosmetic products, Health and nutritional supplements, and Household Products.