Global E Online (Global E Online) Long-Term Capital Lease Obligation : $19.3 Mil (As of Dec. 2023)

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What is Global E Online Long-Term Capital Lease Obligation?

Global E Online's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $19.3 Mil.

Global E Online's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($19.0 Mil) to Sep. 2023 ($17.8 Mil) but then increased from Sep. 2023 ($17.8 Mil) to Dec. 2023 ($19.3 Mil).

Global E Online's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($18.8 Mil) to Dec. 2022 ($16.6 Mil) but then increased from Dec. 2022 ($16.6 Mil) to Dec. 2023 ($19.3 Mil).

Global E Online Long-Term Capital Lease Obligation Historical Data

The historical data trend for Global E Online'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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Global E Online Long-Term Capital Lease Obligation Chart

Global E Online Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.85

3.51

18.80

16.58

19.29

Global E Online Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													16.58	16.22	19.00	17.81	19.29

Global E Online (NAS:GLBE) 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.

Global E Online Long-Term Capital Lease Obligation Related Terms

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Global E Online (Global E Online) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Global E Online Ltd (NAS:GLBE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GLBE:Mexico

Address

9 HaPsagot Street, Petah Tikva, ISR, 4951041

Website

https://www.global-e.com

Global E Online Ltd provides e-commerce solutions. It offers a platform to enable and accelerate global, direct-to-consumer cross-border e-commerce. The platform was purpose-built for international shoppers to buy seamlessly online and for merchants to sell from, and, anywhere in the world. It localizes the shopper experience in an effort to make international transactions as seamless as domestic ones. The platform increases the conversion of international traffic into sales by removing much of the complexity associated with international e-commerce.