SunCar Technology Group (SunCar Technology Group) Long-Term Capital Lease Obligation : $0.50 Mil (As of Dec. 2023)

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What is SunCar Technology Group Long-Term Capital Lease Obligation?

SunCar Technology Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.50 Mil.

SunCar Technology Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.00 Mil) to Jun. 2023 ($0.80 Mil) but then declined from Jun. 2023 ($0.80 Mil) to Dec. 2023 ($0.50 Mil).

SunCar Technology Group's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.00 Mil) but then increased from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($0.50 Mil).

SunCar Technology Group Long-Term Capital Lease Obligation Historical Data

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

SunCar Technology Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.50

SunCar Technology Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	-	0.80	0.50

SunCar Technology Group (NAS:SDAWW) 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.

SunCar Technology Group Long-Term Capital Lease Obligation Related Terms

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SunCar Technology Group (SunCar Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SunCar Technology Group Inc (NAS:SDAWW) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SDA:USA

Address

c/o Shanghai Feiyou Trading Co., Ltd., Suite 209, No. 656 Lingshi Road, Jing’an District, Shanghai, CHN, 200072

Website

https://www.suncartech.com

SunCar Technology Group Inc is a provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China. It operates an automotive after-sales services business through offering customized service solutions to enterprise clients, who are major banks, insurance companies, telecommunication companies, new energy vehicle, original equipment manufacturers or any client who have end customers demanding automotive services.