Jiuzi Holdings (Jiuzi Holdings) Long-Term Capital Lease Obligation : $0.19 Mil (As of Oct. 2023)

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What is Jiuzi Holdings Long-Term Capital Lease Obligation?

Jiuzi Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.19 Mil.

Jiuzi Holdings's quarterly Long-Term Capital Lease Obligation declined from Oct. 2022 ($0.39 Mil) to Apr. 2023 ($0.39 Mil) and declined from Apr. 2023 ($0.39 Mil) to Oct. 2023 ($0.19 Mil).

Jiuzi Holdings's annual Long-Term Capital Lease Obligation increased from Apr. 2021 ($0.00 Mil) to Oct. 2022 ($0.39 Mil) but then declined from Oct. 2022 ($0.39 Mil) to Oct. 2023 ($0.19 Mil).

Jiuzi Holdings Long-Term Capital Lease Obligation Historical Data

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

Jiuzi Holdings Annual Data

Trend

Oct18

Oct19

Oct20

Apr21

Oct22

Oct23

Long-Term Capital Lease Obligation

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0.39

0.19

Jiuzi Holdings Semi-Annual Data
	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						0.54	0.53	0.39	0.39	0.19

Jiuzi Holdings (NAS:JZXN) 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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Jiuzi Holdings (Jiuzi Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiuzi Holdings Inc (NAS:JZXN) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 168 Qianjiang Nongchang Gengwen Road, 15th Floor, Economic and Technological Development Zone, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 310000

Website

http://m.zjjzxny.cn

Jiuzi Holdings Inc operates as a franchise under the brand name Jiuzi. It sells new energy vehicles in third-fourth tier cities in China. The firm also sells plug-in electric vehicles on-demand from vehicle buyers. Its business segments are sales of NEVs and Franchisees service. The company generates a majority of its revenue from NEVs segment. Geographically, the firm operates in China.