DTSS (Datasea) Long-Term Capital Lease Obligation : $0.19 Mil (As of Mar. 2025)

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What is Datasea Long-Term Capital Lease Obligation?

Datasea's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $0.19 Mil.

Datasea's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 ($0.13 Mil) to Dec. 2024 ($0.12 Mil) but then increased from Dec. 2024 ($0.12 Mil) to Mar. 2025 ($0.19 Mil).

Datasea's annual Long-Term Capital Lease Obligation declined from Jun. 2022 ($0.03 Mil) to Jun. 2023 ($0.03 Mil) and declined from Jun. 2023 ($0.03 Mil) to Jun. 2024 ($0.00 Mil).

Datasea Long-Term Capital Lease Obligation Historical Data

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

Datasea Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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0.34

0.56

0.03

Datasea Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	0.13	0.12	0.19

Datasea (NAS:DTSS) 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.

Datasea Long-Term Capital Lease Obligation Related Terms

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Datasea Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Datasea Inc (NAS:DTSS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Ronghua South Road, 20th Floor, Tower B, Guorui Plaza, Technological Development Zone, Beijing, CHN, 100176

Website

http://www.dataseainc.com

Datasea Inc is a technology company. Its offers provides acoustic business services (focusing on high-tech acoustic technologies and applications such as ultrasound, infrasound, and Schumann resonance), 5G application services (5G AI multimodal digital business), and other products and services to various corporate and individual customers. The business activity of the group functions through China.

Executives

Yan Yang	director	RM 112, DRAGON COURT, 100 WATERLOO ROAD, KOWLOON K3 NONE
Chunqi Jiao	officer: CTO	130 CHIANGJIANG ROAD, NANGANG DISTRICT, HARBIN F4 150090
Fu Liu	director, 10 percent owner	1 XINGHUO RD, CHANGNING BUILDING, STE 21BC1, FENGTAI DISTRICT, BEIJING F4 100070
Zhixin Liu	director, 10 percent owner, officer: CEO	1 XINGHUO RD, CHANGNING BUILDING, STE, 21BC1, FENGTAI DISTRICT, BEIJING F4 100070
Chun Kwok Wong	director	1 XINGHUO RD CHANGNING BLDG, 11TH FLOOR FENGTAI DISTRICT, BEIJING F4 100070
Mingzhou Sun	officer: Chief Financial Officer	20TH FLOOR, TOWER B, GUORUI PLAZA, 1 RONGHUA S. RD, TECHNOLOGICAL DEVT ZONE, BEIJING F4 100176
Michael J. Antonoplos	director	345 STRATHMORE DRIVE, BRYN MAWR PA 19010-1262
Ling Wang	director	1 XINGHUO RD CHANGNING BLDG, 11TH FLOOR FENGTAI DISTRICT, BEIJING F4 100070
Tongjun Si	director	1 XINGHUO RD CHANGNING BLDG, 11TH FLOOR FENGTAI DISTRICT, BEIJING F4 100070
Jijin Zhang	officer: Chief Financial Officer	1 XINGHUO RD. CHANGNING BUILDING, 11TH FLOOR FENGTAI DISTRICT, BEIJING F4 100070