Puxin (NEWYY) Long-Term Capital Lease Obligation : $99.1 Mil (As of Jun. 2021)

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What is Puxin Long-Term Capital Lease Obligation?

Puxin's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2021 was $99.1 Mil.

Puxin's quarterly Long-Term Capital Lease Obligation increased from Dec. 2020 ($92.6 Mil) to Mar. 2021 ($99.7 Mil) but then declined from Mar. 2021 ($99.7 Mil) to Jun. 2021 ($99.1 Mil).

Puxin's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.0 Mil) to Dec. 2019 ($98.9 Mil) but then declined from Dec. 2019 ($98.9 Mil) to Dec. 2020 ($92.6 Mil).

Puxin Long-Term Capital Lease Obligation Historical Data

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

Puxin Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

98.88

92.64

Puxin Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														85.47	84.11	92.64	99.74	99.09

Puxin (OTCPK:NEWYY) 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.

Puxin Long-Term Capital Lease Obligation Related Terms

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Puxin (NEWYY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Puxin Ltd (OTCPK:NEWYY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 Suzhou Street, Haidian District, 5th Floor, Building 4, Dingjun Building, Beijing, CHN, 100080

Website

https://www.pxjy.com

Puxin Ltd provides education services. The company's segments consist of K-12 tutoring services and Study abroad tutoring services. Its K-12 tutoring services provide result-oriented educational services in group class settings and through personalized tutoring sessions as well as study plan tailored to fit a student's aptitude, grade level, past academic performance, future academic goals, and other pertinent factors. Study abroad tutoring services are designed to help students prepare for admission tests and applications for high schools, universities and graduate programs primarily in English-speaking countries. It generates a majority of its revenue from the K-12 tutoring services segment. Geographically, it operates in PRC.