AB International Group (AB International Group) Long-Term Capital Lease Obligation : $0.49 Mil (As of Feb. 2024)

View and export this data going back to 2015. Start your Free Trial

What is AB International Group Long-Term Capital Lease Obligation?

AB International Group's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.49 Mil.

AB International Group's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 ($0.61 Mil) to Nov. 2023 ($0.55 Mil) and declined from Nov. 2023 ($0.55 Mil) to Feb. 2024 ($0.49 Mil).

AB International Group's annual Long-Term Capital Lease Obligation increased from Aug. 2021 ($0.00 Mil) to Aug. 2022 ($0.86 Mil) but then declined from Aug. 2022 ($0.86 Mil) to Aug. 2023 ($0.61 Mil).

AB International Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for AB International 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.

* Premium members only.

AB International Group Long-Term Capital Lease Obligation Chart

AB International Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

0.05

0.86

0.61

AB International Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.74	0.67	0.61	0.55	0.49

AB International Group (OTCPK:ABQQ) 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.

AB International Group Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of AB International Group's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

AB International Group (AB International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » AB International Group Corp (OTCPK:ABQQ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

144 Main Street, Mount Kisco, New York, NY, USA, 10549

Website

https://www.abqqs.com

AB International Group Corp is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property, including the acquisition and distribution of movies. It is predominantly engaged in owning or leasing franchises, patents, and copyrights then in turn license others to use. The company is also engaged in other businesses such as providing Video streaming service under the brand name ABQQ.tv, Smartphone patent, NFT movie and music marketplace license business and operating AB movie theatres. The company has two reportable segments, Copyrights and license (IP) segment which generates majority of the revenue and cinema segment.

Executives

Chiyuan Deng	director, officer: President	2/F 45 HOLLYWOOD ROAD, HONG KONG K3 999077
Pathikonda Sivakumar Arikeri	10 percent owner	#08-245, BLOCK #107, YISHUN KING ROAD, SINGAPORE U0 760107
Lijun Yu	10 percent owner, officer: Chief Marketing Officer	16TH FLOOR, RICH TOWERS, 2 BLENHEIM AVENUE, TSIM SHA TSUI, KOWLOON K3 00000
Linqing Ye	director	SHOP 518 5/F TM PLAZA, 88 QINGHEZHONGLU, GUANGZHOU F4 511400
Alexander Holtermann	director, officer: Chief Executive Officer	KRANICHSTEINER STR 21, 60598 FRANKFURT AM MAIN 2M 60598
Jianli Deng	10 percent owner, officer: Secretary and Treasurer	2/F 45 HOLLYWOOD ROAD, HONG KONG K3 999077
Ian Wright	officer: Chief Operating Officer	BOECKLINSTRASSE 3, FRANKFURT AM MAIN GERMANY, FRANKFURT 2M 60596
Luis Hadic	officer: Chief Financial Officer	23717 110B AVE., MAPLE RIDGE A1 V2W 2E2
Ho Ming Chung	officer: Chief Technology Officer	23/F ROOM 8 BLOCK A WANG KWONG BLDG., 22 NGAU TAU KOK ROAD, KOWLOON K3 999077