Nature's Miracle Holding (Nature's Miracle Holding) Long-Term Capital Lease Obligation : $0.06 Mil (As of Mar. 2024)

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What is Nature's Miracle Holding Long-Term Capital Lease Obligation?

Nature's Miracle Holding's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.06 Mil.

Nature's Miracle Holding's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.25 Mil) to Dec. 2023 ($0.16 Mil) and declined from Dec. 2023 ($0.16 Mil) to Mar. 2024 ($0.06 Mil).

Nature's Miracle Holding's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.54 Mil) but then declined from Dec. 2022 ($0.54 Mil) to Dec. 2023 ($0.16 Mil).

Nature's Miracle Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nature's Miracle Holding'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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Nature's Miracle Holding Long-Term Capital Lease Obligation Chart

Nature's Miracle Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.54

0.16

Nature's Miracle Holding Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	0.34	0.25	0.16	0.06

Nature's Miracle Holding (NAS:NMHI) 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.

Nature's Miracle Holding Long-Term Capital Lease Obligation Related Terms

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Nature's Miracle Holding (Nature's Miracle Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nature's Miracle Holding Inc (NAS:NMHI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

858 North Central Avenue, Upland, Upland, CA, USA, 91786

Website

https://www.nature-miracle.com

Nature's Miracle Holding Inc is a fast-growing agriculture technology company providing services to growers in the Controlled Environment Agriculture ("CEA") industry which also include vertical farming in North America. It offers integrated solutions which include hardware as well as software to design, build and operate various indoor growing settings including greenhouse and indoor-growing spaces.

Nature's Miracle Holding (Nature's Miracle Holding) Headlines

From GuruFocus

NATURE'S MIRACLE HOLDING INC. RECENTLY RANG THE CLOSING BELL AT NASDAQ, TIMES SQUARE NYC

By PRNewswire • 03-19-2024