Fanhua (Fanhua) Long-Term Capital Lease Obligation : $7.6 Mil (As of Sep. 2023)

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What is Fanhua Long-Term Capital Lease Obligation?

Fanhua's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $7.6 Mil.

Fanhua's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($9.8 Mil) to Jun. 2023 ($7.7 Mil) and declined from Jun. 2023 ($7.7 Mil) to Sep. 2023 ($7.6 Mil).

Fanhua's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($15.8 Mil) to Dec. 2021 ($20.1 Mil) but then declined from Dec. 2021 ($20.1 Mil) to Dec. 2022 ($10.6 Mil).

Fanhua Long-Term Capital Lease Obligation Historical Data

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

Fanhua Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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14.72

15.83

20.14

10.64

Fanhua Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															13.29	10.64	9.84	7.70	7.65

Fanhua (NAS:FANH) 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.

Fanhua Long-Term Capital Lease Obligation Related Terms

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Fanhua (Fanhua) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Fanhua Inc (NAS:FANH) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

4CIA:Germany

Address

No.15 West Zhujiang Road, 60th Floor, Pearl River Tower, Guangdong, Guangzhou, CHN, 510623

Website

https://www.fanhuaholdings.com

Fanhua Inc is an independent insurance intermediary company operating in China. The company sells insurance product offerings from various insurance companies through their online platforms Lan Zhanggui, Baowang, and eHuzhu. The company's segments include the insurance agency segment, which mainly consists of providing agency services for distributing life insurance products and P&C insurance products on behalf of insurance companies; and the claims adjusting segment, which consists of providing pre-underwriting survey services, claim adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services. The insurance agency segment contributes to the majority of the revenue. The company generates all of its revenues from China.