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Lotus Technology (Lotus Technology) Long-Term Capital Lease Obligation : $104.0 Mil (As of Dec. 2023)


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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 Dec. 2023 was $104.0 Mil.

Lotus Technology's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($99.1 Mil) to Jun. 2023 ($92.1 Mil) but then increased from Jun. 2023 ($92.1 Mil) to Dec. 2023 ($104.0 Mil).

Lotus Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($47.6 Mil) to Dec. 2022 ($99.1 Mil) and increased from Dec. 2022 ($99.1 Mil) to Dec. 2023 ($104.0 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
47.64 99.13 103.99

Lotus Technology Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation 47.64 - 99.13 92.13 103.99

Lotus Technology  (NAS:LOT) 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 (Lotus Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lotus Technology Inc (NAS:LOT) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
Traded in Other Exchanges
5EP:Germany
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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