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noco-noco (noco-noco) Long-Term Capital Lease Obligation : $0.04 Mil (As of Jun. 2023)


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What is noco-noco Long-Term Capital Lease Obligation?

noco-noco's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.04 Mil.

noco-noco's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 ($0.00 Mil) to Dec. 2022 ($0.13 Mil) but then declined from Dec. 2022 ($0.13 Mil) to Jun. 2023 ($0.04 Mil).

noco-noco's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($0.04 Mil) to Jun. 2022 ($0.00 Mil) but then increased from Jun. 2022 ($0.00 Mil) to Jun. 2023 ($0.04 Mil).

noco-noco Long-Term Capital Lease Obligation Historical Data

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

noco-noco Annual Data
Trend Jun21 Jun22 Jun23
Long-Term Capital Lease Obligation
0.04 - 0.04

noco-noco Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23
Long-Term Capital Lease Obligation 0.04 - - 0.13 0.04

noco-noco  (NAS:NCNC) 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.

noco-noco Long-Term Capital Lease Obligation Related Terms

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noco-noco (noco-noco) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » noco-noco Inc (NAS:NCNC) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
SCTH SYPR SUP WKSP STRT CAAS ID HYLN OMTK FLES TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG XTER:CON SHSE:600660
Traded in Other Exchanges
N/A
Address
4 Shenton Way, No.04-06 SGX Centre 2, Singapore, SGP, 068807
Website
https://www.noco-noco.com
noco-noco Inc is an early-stage decarbonization solution provider in Asia, aiming to engage in the leasing of battery products, including batteries and BEVs to commercial transportation companies, and of ESS to renewable power plants and other power plants requiring grid stabilization and backup power; and (ii) carbon abatement solutions for landowners and carbon credit sales. noco-noco operates own-and-lease business model where it manufactures its battery products through OEMs and leases them to its clients. It also engages in carbon abatement solutions and carbon credit sales and cross-sells them to its battery business clients to offset carbon emissions from their operations.