Coolpad Group (Coolpad Group) Long-Term Capital Lease Obligation : $1.12 Mil (As of Jun. 2023)

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What is Coolpad Group Long-Term Capital Lease Obligation?

Coolpad Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.12 Mil.

Coolpad Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($1.43 Mil) to Dec. 2022 ($1.28 Mil) and declined from Dec. 2022 ($1.28 Mil) to Jun. 2023 ($1.12 Mil).

Coolpad Group's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.45 Mil) to Dec. 2021 ($1.72 Mil) but then declined from Dec. 2021 ($1.72 Mil) to Dec. 2022 ($1.28 Mil).

Coolpad Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Coolpad Group'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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Coolpad Group Long-Term Capital Lease Obligation Chart

Coolpad Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.99

0.45

1.72

1.28

Coolpad Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.34	1.72	1.43	1.28	1.12

Coolpad Group (OTCPK:CHWTF) 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.

Coolpad Group Long-Term Capital Lease Obligation Related Terms

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Coolpad Group (Coolpad Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Coolpad Group Ltd (OTCPK:CHWTF) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

02369:Hong Kong

Address

Coolpad Information Harbor, No. 8 of Gaoxin North 1st Road, Hi-Tech Industry Park (Northern), Nanshan District, Shenzhen, CHN, 518057

Website

https://www.coolpad.com.hk

Coolpad Group Ltd is an investment holding company that develops and provides integrated solutions for smartphone sets, mobile data platform systems, and value-added businesses in Mainland China and internationally. It operates in two segments: Mobile Phone; and Property Investment. The Mobile Phone segment which derives the majority of revenue engages in the research, development, production, and sale of mobile phones and related accessories and the provision of wireless application service, and the property investment segment invests in properties for rental income potential and for capital appreciation. It generates a majority of its revenue from Mainland China.

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