Gridsum Holding (Gridsum Holding) Long-Term Capital Lease Obligation : $9.16 Mil (As of Jun. 2020)

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What is Gridsum Holding Long-Term Capital Lease Obligation?

Gridsum Holding's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2020 was $9.16 Mil.

Gridsum Holding's quarterly Long-Term Capital Lease Obligation declined from Sep. 2019 ($14.28 Mil) to Dec. 2019 ($12.01 Mil) and declined from Dec. 2019 ($12.01 Mil) to Jun. 2020 ($9.16 Mil).

Gridsum Holding's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2017 ($0.00 Mil) to Dec. 2018 ($0.00 Mil) but then increased from Dec. 2018 ($0.00 Mil) to Dec. 2019 ($12.01 Mil).

Gridsum Holding Long-Term Capital Lease Obligation Historical Data

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

Gridsum Holding Annual Data

Trend

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Dec19

Long-Term Capital Lease Obligation

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12.01

Gridsum Holding Quarterly Data
	Dec14	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															16.36	15.21	14.28	12.01	9.16

Gridsum Holding (NAS:GSUM) 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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Gridsum Holding (Gridsum Holding) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Gridsum Holding Inc (NAS:GSUM) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 229 North 4th Ring Road, South Wing, High Technology Building, Haidian District, Beijing, CHN, 100083

Website

https://www.gridsum.com

Gridsum Holding Inc is a provider of cloud-based big-data analytics and AI solutions for multinational and domestic enterprises and government agencies in China. The company offers solutions for marketing automation, e-government, new media, information discovery, and visualization.