Jupai Holdings (Jupai Holdings) Long-Term Capital Lease Obligation : $1.05 Mil (As of Dec. 2022)

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What is Jupai Holdings Long-Term Capital Lease Obligation?

Jupai Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $1.05 Mil.

Jupai Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.58 Mil) to Mar. 2022 ($1.30 Mil) and declined from Mar. 2022 ($1.30 Mil) to Dec. 2022 ($1.05 Mil).

Jupai Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.58 Mil) to Dec. 2022 ($1.05 Mil) and declined from Dec. 2022 ($1.05 Mil) to Dec. 2023 ($0.52 Mil).

Jupai Holdings Long-Term Capital Lease Obligation Historical Data

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

Jupai Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.07

1.93

1.58

1.05

0.52

Jupai Holdings Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Dec22	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.99	1.58	1.30	1.05	0.52

Jupai Holdings (OTCPK:JPPYY) 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.

Jupai Holdings Long-Term Capital Lease Obligation Related Terms

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Jupai Holdings (Jupai Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Jupai Holdings Ltd (OTCPK:JPPYY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1588 Xinyang Road, Building 4, Lingang New Area, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 201413

Website

http://www.jupai.investorroom.com

Jupai Holdings Ltd is a third-party wealth management service provider focusing on distributing wealth management products and providing product advisory services to high-net-worth individuals. It derives net revenues mainly from the provision of wealth management product-related services and asset management services. All of the group's revenues are derived from China.