Luokung Technology (FRA:78IB) Long-Term Capital Lease Obligation : €0.40 Mil (As of Jun. 2023)

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What is Luokung Technology Long-Term Capital Lease Obligation?

Luokung Technology's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.40 Mil.

Luokung Technology's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (€1.84 Mil) to Dec. 2022 (€1.09 Mil) and declined from Dec. 2022 (€1.09 Mil) to Jun. 2023 (€0.40 Mil).

Luokung Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€0.00 Mil) to Dec. 2021 (€2.71 Mil) but then declined from Dec. 2021 (€2.71 Mil) to Dec. 2022 (€1.09 Mil).

Luokung Technology Long-Term Capital Lease Obligation Historical Data

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

Luokung Technology Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.27

2.71

1.09

Luokung Technology Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.48	2.71	1.84	1.09	0.40

Luokung Technology (FRA:78IB) 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.

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Luokung Technology (FRA:78IB) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Luokung Technology Corp (FRA:78IB) » Definitions » Long-Term Capital Lease Obligation

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LKCO:USA

Address

No. 9, Guanghua Road, Miss. Qinyu Zhao B9-8, Block B, SOHO Phase II, Chaoyang District, Beijing, CHN, 100020

Website

https://www.luokung.com

Luokung Technology Corp is a mobile service and technology provider for the long-distance travel and railway Wi-Fi market in China. Its mobile application product Luokuang platform is a Location-based Service social content and service distribution platform. It offers personalized and precise services to long-distance travelers in two locations: on the train and at the destination. Its offerings include entertainment services including video and audio, digital reading material, games specific, and social services.

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