LightInTheBox Holding Co (LightInTheBox Holding Co) Long-Term Capital Lease Obligation : $1.9 Mil (As of Dec. 2023)

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What is LightInTheBox Holding Co Long-Term Capital Lease Obligation?

LightInTheBox Holding Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.9 Mil.

LightInTheBox Holding Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($4.1 Mil) to Sep. 2023 ($2.8 Mil) and declined from Sep. 2023 ($2.8 Mil) to Dec. 2023 ($1.9 Mil).

LightInTheBox Holding Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($7.9 Mil) to Dec. 2022 ($6.6 Mil) and declined from Dec. 2022 ($6.6 Mil) to Dec. 2023 ($1.9 Mil).

LightInTheBox Holding Co Long-Term Capital Lease Obligation Historical Data

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

LightInTheBox Holding Co Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.80

8.12

7.86

6.58

1.92

LightInTheBox Holding Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.58	5.62	4.10	2.77	1.92

LightInTheBox Holding Co (NYSE:LITB) 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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LightInTheBox Holding Co (LightInTheBox Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » LightInTheBox Holding Co Ltd (NYSE:LITB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

L4XA:Germany

Address

51 Tai Seng Avenue, No. 05-02B/C, Pixel Red, Singapore, SGP, 533941

Website

https://www.lightinthebox.com

LightInTheBox Holding Co Ltd is an online retail company delivering products directly to consumers across the world. It provides apparel products including customized, special occasion and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home and garden products, electronics and communication devices, and other products. The company is engaged in product sales which consisted of online retailing of consumer products. It also provides services which consisted of the provision of logistic services to e-commerce retailers and small businesses. Geographically, it operates in Europe which is the key revenue driver, North America, and other countries.