FLX (BingEx) Long-Term Capital Lease Obligation : $3.7 Mil (As of Mar. 2025)

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What is BingEx Long-Term Capital Lease Obligation?

BingEx's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $3.7 Mil.

BingEx's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 ($4.6 Mil) to Dec. 2024 ($4.0 Mil) and declined from Dec. 2024 ($4.0 Mil) to Mar. 2025 ($3.7 Mil).

BingEx's annual Long-Term Capital Lease Obligation increased from Dec. 2022 ($4.1 Mil) to Dec. 2023 ($6.4 Mil) but then declined from Dec. 2023 ($6.4 Mil) to Dec. 2024 ($4.0 Mil).

BingEx Long-Term Capital Lease Obligation Historical Data

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

BingEx Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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4.07

6.35

4.04

BingEx Quarterly Data
	Dec19	Mar20	Dec20	Mar21	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											5.91	4.96	4.57	4.04	3.65

BingEx (NAS:FLX) 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.

BingEx Long-Term Capital Lease Obligation Related Terms

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BingEx Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » BingEx Ltd (NAS:FLX) » Definitions » Long-Term Capital Lease Obligation

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Address

No.1 Yongtaizhuang North Road, Zhongguancun Dongsheng International Science Park, Haidian District, Beijing, CHN, 100192

Website

http://www.ishansong.com

BingEx Ltd provides on-demand dedicated courier services for individual and business customers with superior time certainty, delivery safety and service quality. The company brands its services as FlashEx, which means delivery in a flash. The Group's principal operations and geographic markets are in the People's Republic of China (PRC).