GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Northann Corp (AMEX:NCL) » Definitions » Long-Term Capital Lease Obligation

NCL (Northann) Long-Term Capital Lease Obligation : $1.56 Mil (As of Sep. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Northann Long-Term Capital Lease Obligation?

Northann's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1.56 Mil.

Northann's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($0.05 Mil) to Jun. 2024 ($0.04 Mil) but then increased from Jun. 2024 ($0.04 Mil) to Sep. 2024 ($1.56 Mil).

Northann's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.02 Mil) to Dec. 2022 ($0.00 Mil) but then increased from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($0.06 Mil).

Northann Long-Term Capital Lease Obligation Historical Data

The historical data trend for Northann'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.

* Premium members only.

Northann Long-Term Capital Lease Obligation Chart

Northann Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
0.04 0.02 - 0.06

Northann Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.06 0.05 0.04 1.56

Northann  (AMEX:NCL) 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.

Northann Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Northann's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Northann Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Northann Corp (AMEX:NCL) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
NTZ CRWS OESX SNTW NVFY ATER EFOI LCUT FGI LUVU SZSE:000333 SZSE:000651 SHSE:600690 SGI SN TSE:9843 SHSE:605117 TPE:2059 SZSE:002032 SHSE:600839
Traded in Other Exchanges
N/A
Address
c/o Northann Distribution Center Inc, 9820 Dino Drive, Suite 110, Elk Grove, CA, USA, 95624
Website
https://www.northann.com
Northann Corp specialized in 3D-printed flooring solutions under its flagship brand, "Benchwick." The company's operations span the full spectrum of additive manufacturing, from sourcing recycled ocean plastics to the final production of intricate flooring designs. Northann offers an extensive range of proprietary solutions, including Infinite Glass, DSE, TruBevel, and MattMaster, primarily through its sales network in North America and Europe.
Executives
Scott Brady Powell director 700 1ST STREET, #17J, HOBOKEN NJ 07030
Schaefer Charles James Iv director C/O NORTHANN DISTRIBUTION CENTER INC., 9820 DINO DRIVE, SUITE 110, ELK GROVE CA 95624
Kurt W. Winn director, officer: Chief Operating Officer C/O NORTHANN DISTRIBUTION CENTER INC., 9820 DINO DRIVE, SUITE 110, ELK GROVE CA 95624
Bradley Charles Lalonde director C/O NORTHANN DISTRIBUTION CENTER INC., 9820 DINO DRIVE, SUITE 110, ELK GROVE CA 95624