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Lotus Technology (FRA:5EP) Long-Term Capital Lease Obligation : €92.0 Mil (As of Mar. 2024)


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What is Lotus Technology Long-Term Capital Lease Obligation?

Lotus Technology's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €92.0 Mil.

Lotus Technology's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€85.0 Mil) to Dec. 2023 (€95.4 Mil) but then declined from Dec. 2023 (€95.4 Mil) to Mar. 2024 (€92.0 Mil).

Lotus Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€42.2 Mil) to Dec. 2022 (€93.6 Mil) and increased from Dec. 2022 (€93.6 Mil) to Dec. 2023 (€95.4 Mil).

Lotus Technology Long-Term Capital Lease Obligation Historical Data

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

Lotus Technology Annual Data
Trend Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
42.16 93.58 95.36

Lotus Technology Quarterly Data
Dec21 Jun22 Dec22 Mar23 Jun23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 93.58 - 85.04 95.36 92.00

Lotus Technology  (FRA:5EP) 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.

Lotus Technology Long-Term Capital Lease Obligation Related Terms

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Lotus Technology (FRA:5EP) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lotus Technology Inc (FRA:5EP) » Definitions » Long-Term Capital Lease Obligation
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LOT:USA
Address
No. 800 Century Avenue, Pudong District, Shanghai, CHN, 200120
Website
https://www.group-lotus.com
Lotus Technology Inc is a battery electric vehicle (BEV) maker that designs, develops, and sells BEV lifestyle vehicles under the Lotus brand. The Group is also a distributor that sells luxury sports cars under the Lotus brand.

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