Highest Performances Holdings (Highest Performances Holdings) Long-Term Capital Lease Obligation : $1.35 Mil (As of Jun. 2023)

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What is Highest Performances Holdings Long-Term Capital Lease Obligation?

Highest Performances Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.35 Mil.

Highest Performances Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($3.47 Mil) to Dec. 2022 ($2.52 Mil) and declined from Dec. 2022 ($2.52 Mil) to Jun. 2023 ($1.35 Mil).

Highest Performances Holdings's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($2.69 Mil) to Jun. 2022 ($3.47 Mil) but then declined from Jun. 2022 ($3.47 Mil) to Jun. 2023 ($1.35 Mil).

Highest Performances Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Highest Performances 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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Highest Performances Holdings Long-Term Capital Lease Obligation Chart

Highest Performances Holdings Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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2.08

2.69

3.47

1.35

Highest Performances Holdings Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								2.69	4.45	3.47	2.52	1.35

Highest Performances Holdings (NAS:HPH) 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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Highest Performances Holdings (Highest Performances Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Highest Performances Holdings Inc (NAS:HPH) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 15 Zhujiang West Road, 42nd Floor, Pearl River Tower, Zhujiang New Town, Tianhe, Guangdong Province, Guangzhou, CHN

Website

https://www.puyiwm.com

Puyi Inc is the third-party wealth management services provider in China. The company provides wealth management services, corporate finance services and asset management services. It generates a majority of the revenue from wealth management services under which it distributes wealth management products both online and offline through its branch network. Products distributed online include publicly raised fund products, exchange administered products and asset management plans. Products distributed offline include privately raised fund products. In addition, the company also has a corporate finance services business, under which it provides corporate borrowers with financing solutions, including product design, identification of sources of funding, compliance and risk management.