Jiayin Group (Jiayin Group) Long-Term Capital Lease Obligation : $7.3 Mil (As of Sep. 2023)

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What is Jiayin Group Long-Term Capital Lease Obligation?

Jiayin Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $7.3 Mil.

Jiayin Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($3.3 Mil) to Jun. 2023 ($1.5 Mil) but then increased from Jun. 2023 ($1.5 Mil) to Sep. 2023 ($7.3 Mil).

Jiayin Group's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.3 Mil) to Dec. 2021 ($2.9 Mil) but then declined from Dec. 2021 ($2.9 Mil) to Dec. 2022 ($0.4 Mil).

Jiayin Group Long-Term Capital Lease Obligation Historical Data

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

Jiayin Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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4.63

0.29

2.88

0.36

Jiayin Group 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															3.63	0.36	3.29	1.54	7.29

Jiayin Group (NAS:JFIN) 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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Jiayin Group (Jiayin Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Jiayin Group Inc (NAS:JFIN) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 428 South Yanggao Road, Room 26F, 18th Floor, Building No. 1, Youyou Century Plaza, Pudong New Area, Shanghai, CHN, 200122

Website

http://www.jiayintech.cn

Jiayin Group Inc is China's technology service group. It is an enterprise engaged in technological innovation services. It is committed to using big data, cloud computing, artificial intelligence and other technologies to connect consumers and financial institutions in consumption scenarios so that every user can enjoy efficient and convenient technology services. The company has engraved technological innovation into the company's development genes since its establishment, adheres to the dual drive of digital + technology, and focuses on building a cloud service platform and intelligent risk control system with big data drive as the core concept.