Yiren Digital (Yiren Digital) Long-Term Capital Lease Obligation : $3.8 Mil (As of Sep. 2023)

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What is Yiren Digital Long-Term Capital Lease Obligation?

Yiren Digital's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $3.8 Mil.

Yiren Digital's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($4.4 Mil) to Jun. 2023 ($3.8 Mil) but then increased from Jun. 2023 ($3.8 Mil) to Sep. 2023 ($3.8 Mil).

Yiren Digital's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($12.5 Mil) to Dec. 2021 ($11.3 Mil) and declined from Dec. 2021 ($11.3 Mil) to Dec. 2022 ($5.1 Mil).

Yiren Digital Long-Term Capital Lease Obligation Historical Data

The historical data trend for Yiren Digital'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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Yiren Digital Long-Term Capital Lease Obligation Chart

Yiren Digital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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40.26

12.52

11.32

5.05

Yiren Digital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.84	5.05	4.39	3.76	3.80

Yiren Digital (NYSE:YRD) 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.

Yiren Digital Long-Term Capital Lease Obligation Related Terms

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Yiren Digital (Yiren Digital) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Yiren Digital Ltd (NYSE:YRD) » Definitions » Long-Term Capital Lease Obligation

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Address

118 Jianguo Road, 28th Floor, China Merchants Bureau Building, Chaoyang District, Beijing, CHN, 100022

Website

https://www.yiren.com

Yiren Digital Ltd is a fintech company in China connecting investors and individual borrowers. The Company provides an effective solution to address largely underserved investors and individual borrower demand in China through online and offline channels to efficiently match borrowers with investors and execute loan transactions. The company has three operating segments; the Yiren Wealth segment conducts holistic wealth business, the Yiren Credit segment focuses on consumer credit business, and the Other segment includes electronic commerce business. It derives a majority of its revenue from the Yiren Credit segment.