WiMi Hologram Cloud (WiMi Hologram Cloud) Long-Term Capital Lease Obligation : $0.07 Mil (As of Jun. 2023)

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What is WiMi Hologram Cloud Long-Term Capital Lease Obligation?

WiMi Hologram Cloud's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.07 Mil.

WiMi Hologram Cloud's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($0.09 Mil) to Dec. 2022 ($0.03 Mil) but then increased from Dec. 2022 ($0.03 Mil) to Jun. 2023 ($0.07 Mil).

WiMi Hologram Cloud's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.10 Mil) to Dec. 2021 ($0.22 Mil) but then declined from Dec. 2021 ($0.22 Mil) to Dec. 2022 ($0.03 Mil).

WiMi Hologram Cloud Long-Term Capital Lease Obligation Historical Data

The historical data trend for WiMi Hologram Cloud'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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WiMi Hologram Cloud Long-Term Capital Lease Obligation Chart

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.10

0.22

0.03

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	0.22	0.09	0.03	0.07

WiMi Hologram Cloud (NAS:WIMI) 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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WiMi Hologram Cloud (WiMi Hologram Cloud) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WiMi Hologram Cloud Inc (NAS:WIMI) » Definitions » Long-Term Capital Lease Obligation

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0BF1:Germany

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.