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Youdao Long-Term Capital Lease Obligation

: $14.6 Mil (As of Sep. 2021)
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Youdao's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was $14.6 Mil.

Youdao's quarterly Long-Term Capital Lease Obligation increased from Mar. 2021 ($11.4 Mil) to Jun. 2021 ($14.6 Mil) and increased from Jun. 2021 ($14.6 Mil) to Sep. 2021 ($14.6 Mil).

Youdao's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.0 Mil) to Dec. 2019 ($3.0 Mil) and increased from Dec. 2019 ($3.0 Mil) to Dec. 2020 ($12.2 Mil).

Youdao Long-Term Capital Lease Obligation Historical Data

The historical data trend for Youdao'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.

Youdao Annual Data
Trend Dec17 Dec18 Dec19 Dec20
Long-Term Capital Lease Obligation
- - 3.02 12.20

Youdao Quarterly Data
Dec17 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.58 12.20 11.44 14.56 14.65

Youdao  (NYSE:DAO) 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.

Youdao Long-Term Capital Lease Obligation Related Terms

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Youdao Business Description

Youdao logo
Traded in Other Exchanges
No. 399, Wangshang Road, Binjiang District, Hangzhou, CHN, 310051
Youdao Inc develops and markets software applications. It engages in developing technologies to provide learning content, applications, and solutions. The firm operates in three segments: Learning services, Learning products, and Online marketing services. Nearly half of its revenues come from the Learning services segment, which generates revenues from online courses, mainly including Youdao Premium Courses, NetEase Cloud Classroom, and China University MOOC. The learning products segment includes sales of smart devices such as Youdao Dictionary Pen and Youdao Pocket Translator. It generates revenues from the online marketing services through the provision of different formats of advertisement, including but not limited to banners, text links, videos, logos, buttons, and rich media.

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