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Etao International Co (Etao International Co) Long-Term Capital Lease Obligation : $0.30 Mil (As of Jun. 2023)


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What is Etao International Co Long-Term Capital Lease Obligation?

Etao International Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.30 Mil.

Etao International Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($0.00 Mil) to Dec. 2022 ($5.35 Mil) but then declined from Dec. 2022 ($5.35 Mil) to Jun. 2023 ($0.30 Mil).

Etao International Co's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Dec. 2021 ($5.79 Mil) but then declined from Dec. 2021 ($5.79 Mil) to Dec. 2022 ($5.35 Mil).

Etao International Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Etao International Co'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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Etao International Co Long-Term Capital Lease Obligation Chart

Etao International Co Annual Data
Trend Dec21 Dec22
Long-Term Capital Lease Obligation
5.79 5.35

Etao International Co Quarterly Data
Sep21 Dec21 Jun22 Sep22 Dec22 Jun23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 5.79 - - 5.35 0.30

Etao International Co  (OTCPK:ETAOF) 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.

Etao International Co Long-Term Capital Lease Obligation Related Terms

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Etao International Co (Etao International Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Etao International Co Ltd (OTCPK:ETAOF) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
1460 Broadway, 14th Floor, New York, NY, USA, 10036
Website
https://www.etao.world
Etao International Co Ltd is a digital healthcare group providing medical care and biomedical technologies to patients in China. It provides a comprehensive healthcare service consisting of both online and offline capabilities. These services include online health insurance and pharmacy, digital diabetes management, and biotech. Offline healthcare services include hospital and specialty clinics, such as infertility, orthopedic surgery, plastic surgery, and primary care.