Faraday Future Intelligent Electric (STU:5VFC) Long-Term Capital Lease Obligation : €19.06 Mil (As of Sep. 2023)

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What is Faraday Future Intelligent Electric Long-Term Capital Lease Obligation?

Faraday Future Intelligent Electric's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €19.06 Mil.

Faraday Future Intelligent Electric's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (€22.05 Mil) to Jun. 2023 (€20.74 Mil) and declined from Jun. 2023 (€20.74 Mil) to Sep. 2023 (€19.06 Mil).

Faraday Future Intelligent Electric's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (€30.00 Mil) to Dec. 2021 (€6.70 Mil) but then increased from Dec. 2021 (€6.70 Mil) to Dec. 2022 (€23.24 Mil).

Faraday Future Intelligent Electric Long-Term Capital Lease Obligation Historical Data

The historical data trend for Faraday Future Intelligent Electric'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.

Faraday Future Intelligent Electric Long-Term Capital Lease Obligation Chart

Faraday Future Intelligent Electric Annual Data

Trend

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

30.00

6.70

23.24

Faraday Future Intelligent Electric Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								25.81	23.24	22.05	20.74	19.06

Faraday Future Intelligent Electric (STU:5VFC) 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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Faraday Future Intelligent Electric (STU:5VFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Faraday Future Intelligent Electric Inc (STU:5VFC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FFIE:USA 5VF0:Germany

Address

18455 S. Figueroa Street, Gardena, CA, USA, 90248

Website

https://www.ff.com

Faraday Future Intelligent Electric Inc is a global shared intelligent mobility ecosystem. It is poised to break the boundaries between the Internet, IT, creative, and auto industries with product and service offerings that integrate new energy, AI, Internet, and sharing models. FF 91 is its first production vehicle and flagship model.

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