FDG Electric Vehicles (FDG Electric Vehicles) Long-Term Capital Lease Obligation : $1.43 Mil (As of Sep. 2019)

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What is FDG Electric Vehicles Long-Term Capital Lease Obligation?

FDG Electric Vehicles's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was $1.43 Mil.

FDG Electric Vehicles's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2018 ($0.00 Mil) to Mar. 2019 ($0.00 Mil) but then increased from Mar. 2019 ($0.00 Mil) to Sep. 2019 ($1.43 Mil).

FDG Electric Vehicles's annual Long-Term Capital Lease Obligation declined from Mar. 2017 ($5.34 Mil) to Mar. 2018 ($1.61 Mil) and declined from Mar. 2018 ($1.61 Mil) to Mar. 2019 ($0.00 Mil).

FDG Electric Vehicles Long-Term Capital Lease Obligation Historical Data

The historical data trend for FDG Electric Vehicles'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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FDG Electric Vehicles Long-Term Capital Lease Obligation Chart

FDG Electric Vehicles Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Long-Term Capital Lease Obligation

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5.34

1.61

FDG Electric Vehicles Semi-Annual Data
	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.56	1.61	-	-	1.43

FDG Electric Vehicles (OTCPK:CAOHF) 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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FDG Electric Vehicles (FDG Electric Vehicles) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » FDG Electric Vehicles Ltd (OTCPK:CAOHF) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Rooms 3001-3005, 30th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.fdgev.com

FDG Electric Vehicles Ltd is a Hong Kong-based investment holding company principally engaged in the production and distribution of new energy electric vehicles and their core components. The group is principally engaged in research and development, production and sale of lithium-ion batteries and related products. In addition, it is also engaged in vehicle design, manufacture and sale of electric vehicles, leasing of electric vehicles. The company derives the majority of its revenue from selling lithium-ion batteries in China.

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