ATIF Holdings (ATIF Holdings) Long-Term Capital Lease Obligation : $0.53 Mil (As of Jan. 2024)

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What is ATIF Holdings Long-Term Capital Lease Obligation?

ATIF Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.53 Mil.

ATIF Holdings's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($0.69 Mil) to Oct. 2023 ($0.63 Mil) and declined from Oct. 2023 ($0.63 Mil) to Jan. 2024 ($0.53 Mil).

ATIF Holdings's annual Long-Term Capital Lease Obligation increased from Jul. 2021 ($0.39 Mil) to Jul. 2022 ($0.99 Mil) but then declined from Jul. 2022 ($0.99 Mil) to Jul. 2023 ($0.69 Mil).

ATIF Holdings Long-Term Capital Lease Obligation Historical Data

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

ATIF Holdings Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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0.20

0.39

0.99

0.69

ATIF Holdings Quarterly Data
	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														0.83	0.75	0.69	0.63	0.53

ATIF Holdings (NAS:ATIF) 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.

ATIF Holdings Long-Term Capital Lease Obligation Related Terms

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ATIF Holdings (ATIF Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » ATIF Holdings Ltd (NAS:ATIF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

25391 Commercentre Dr, Ste 200, Lake Forest, CA, USA, 92630

Website

https://www.atifchina.com

ATIF Holdings Ltd is a consulting company. It provides financial and advisory services to small and medium-sized enterprises and also to individual customers and families. The firm also offers Pre-IPO's, and Post-IPO's services. It operates in one operating segment which is the consulting service business. It generates the majority of its revenue from the USA.

Executives

Liu Kwong Sang	director	1003 10/F RIGHTFUL CENTER, 12 TAK HING STREET TSIM SHA TSUI, KOWLOON K3 00000
Jun Liu	director, 10 percent owner, officer: Chief Executive Officer	ROOM 3803 DACHONG INT'L CENTRE, 39 TONGGU RD, NANSHAN DISTRICT, SHENZHEN F4 518000
Lei Yang	director	ROOM 2803, DACHONG BUSINESS CENTRE, DACHONG 1ST ROAD, NANSHAN DISTRICT, SHENZHEN F4 518000
Yongyuan Chen	director	ROOM 2803, DACHONG BUSINESS CENTRE, DACHONG 1ST ROAD, NANSHAN DISTRICT, SHENZHEN F4 518000
Yue Ming	director, officer: Chief Financial Officer	ROOM 2803, DACHONG BUSINESS CENTRE, DACHONG 1ST ROAD, NANSHAN DISTRICT, SHENZHEN F4 518000
Tianzhen Investments Ltd	10 percent owner	25391 COMMERCENTRE DR., STE 200, LAKE FOREST CA 92630