NIO (NIO) Long-Term Capital Lease Obligation : $1,413 Mil (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is NIO Long-Term Capital Lease Obligation?

NIO's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,413 Mil.

NIO's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($1,180 Mil) to Sep. 2023 ($1,187 Mil) and increased from Sep. 2023 ($1,187 Mil) to Dec. 2023 ($1,413 Mil).

NIO's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($369 Mil) to Dec. 2022 ($937 Mil) and increased from Dec. 2022 ($937 Mil) to Dec. 2023 ($1,413 Mil).

NIO Long-Term Capital Lease Obligation Historical Data

The historical data trend for NIO'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.

* Premium members only.

NIO Long-Term Capital Lease Obligation Chart

NIO Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

240.55

163.68

368.78

936.87

1,413.44

NIO Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															936.87	1,220.76	1,180.39	1,187.20	1,413.44

NIO (NYSE:NIO) 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.

NIO Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of NIO's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

NIO (NIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NIO Inc (NYSE:NIO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

NIOIF:USA NIO:Singapore NIO:Mexico 09866:Hong Kong N3I:Germany N3I:Germany N3IA:Germany N3IA:Germany

Address

No. 56 AnTuo Road, Building 20, Anting Town, Jiading District, Shanghai, CHN, 201804

Website

https://www.nio.com

Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 122,000 EVs in 2022, accounting for about 2% of the China passenger new energy vehicle market.